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On May 1, Crane Company had beginning inventory consisting of 378 units with a unit cost of $9. During May, the company purchased inventory as
On May 1, Crane Company had beginning inventory consisting of 378 units with a unit cost of $9. During May, the company purchased inventory as follows:
756 units at $9
1134 units at $10
The company sold 1890 units durimng the month for $15 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
A, $3780
B. $21546
C. $3402
D. $3591
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