Question 2 Crane Co. began operations on July 1. It uses a perpetual inventory system. During…
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Question “Question 2 Crane Co. began operations on July 1. It uses a perpetual inventory system. During…”
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Answer
(a1)
Calculate the average unit cost at July 1, 6, 11, 14, 21, 21 & 27, (Round answers to 2 decimal places, e.g.
$105.50.)
Average cost for each unit | |||
July | 1 | $140 | |
July | 6 |
$140
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July | 11 | (2*140+6*160)/8 |
$155
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July | 14 |
$155
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July | 21 | (3*155+7*180)/10 |
$172.50
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July | 27 |
$172.50
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Conclusion
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