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View Policies Show Attempt History Current Attempt in Progress Crane Co. began operations on July 1. It uses a perpetual inventory system. During July, the
View Policies Show Attempt History Current Attempt in Progress Crane Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 5 $140 July 9 3 July 11 6 $154 July 14 5 July 21 7 $165 July 27 5 (a1) Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round Intermediate calculations to O decimal places and final answers to 3 decimal places, eg. $105.501.) Average cost for each unit July 1 $ 1401 July 6 $ 1401 July 11 $ July 14 $ July 21 July 27 $ 10 LA eTextbook and Media Save for Later Attempts: 3 of 5 used Submit Answer Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving average cost, and (3) LIFO. (Round average-cost per unit to 3 decimal places, eg. 12.520 and final answer to O decimal places, eg. 1,250.) FIFO MOVING-AVERAGE ending inventory under a perpetual inventory system $ $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit
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