Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information was available from the inventory records of Crane Company for January: Units Unit Cost $9.70 Total Cost $85360 8800 Balance at January
The following information was available from the inventory records of Crane Company for January: Units Unit Cost $9.70 Total Cost $85360 8800 Balance at January 1 Purchases: January 6 January 26 10.20 59160 5800 7900 10.66 84214 Sales January 7 January 31 Balance at January 31 (7300) (10900) 4300 Assuming that Crane does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted average inventory method, rounded to the nearest dollar? O $44266. O $43813. O $43714. O $44739. Save for Later Attempts: 0 of 1 used Submit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started