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The accounting records of Crane Company show the following data. Beginning inventory 4,000 units at $5 Purchases 8,500 units at $7 Sales 9,000 units at

The accounting records of Crane Company show the following data.

Beginning inventory 4,000 units at $5
Purchases 8,500 units at $7
Sales 9,000 units at $10

Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (Round answers to 0 decimal places, e.g. 125.)

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