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Problem 6-05A al-a3,b (Part Level Submission) (Video) You are provided with the following information for Crane Inc. for the month ended June 30, 2020. Crane
Problem 6-05A al-a3,b (Part Level Submission) (Video) You are provided with the following information for Crane Inc. for the month ended June 30, 2020. Crane uses the periodic method for inventory. Quantity 38 135 105 Unit Cost or Selling Price $38 41 67 Date June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase 12 67 52 42 8 42 62 71 25 45 (al) x Your answer is incorrect. Try again. Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted average cost per unit 51.63 (a2) Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. decimal places, e.g. 1,250.25 and other answers to 0 decimal places, e.g. 1,250.) LIFO FIFO AVERAGE-COST The ending inventory $ $ The cost of goods sold $ $ Gross profit $ $ Click if you would like to Show Work for this question: Open Show Work
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