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you are given the following information for Crane Company for the month ended November 30,2024 Date Description Units Unit Cost Nov.1 Beginning inventory 63 $48

you are given the following information for Crane Company for the month ended November 30,2024

Date Description Units Unit Cost
Nov.1 Beginning inventory 63 $48
9 Purchase 110 45
15 Sale (120)
22 Purchase 155 42
29 Sale (160)
30 Purchase 49 41

Crane Company uses a perpetual inventory system. All sales and purchases are on account.

***Calculate gross profit for November. Assume the sales price was $66 per unit for the goods sold on November 15.

Gross profit $____________

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