Mathematics, 06.07.2020 18:01 keigleyhannah30
Crane Company reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1 Inventory 150 $4 $600
12 Purchase 450 5 2,250
23 Purchase 400 6 2,400
30 Inventory 80
Assume a sale of 500 units occurred on June 15 for a selling price of $7 and a sale of 420 units on June 27 for $8.
Calculate cost of goods available for sale.
Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e. g. 2.525.)
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Crane Company reports the following for the month of June.
Date
Explanation
Units
...
Explanation
Units
...
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