On May 1. Crane Company had beginning inventory consisting of 246 units with a unit cost of $5. During May, the company purchased inventory as follows: 492 units at $5 738 units at $6 The company sold 1230 units during the month for $9 per unit. Crane uses the average-cost method. Assuming that a periodic inventory system is used, the cost of Crane's inventory at May 31 is (Round average cost per unit to 2 decimal ploces, es. 12.52) $1230 $1476 $8118 $1353 On January 15, Sage Hill Wholesale Company sells merchandise on account to Riverbed Associates for $8000 with terms 4/10, n/30. On January 20, Riverbed returns $900 of this merchandise to Sage Hill. On January 24 , payment is received from Riverbed for the balance due. What is the amount of cash received? $7100$5900$6816$6780