Please do not give solution in image format thanku Crane Company uses a periodic inventory system and reports the following for the month of June.DateJune 11223(a1)30Explanation UnitsInventory105Purchase350PurchaseInventory200230Unit CostWeighted-average unit cost $$567Total Cost$5252,1001,400Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Periodic inventory system relates to the system of valuing the inventory at year end and hence the…

Crane Company uses a periodic inventory system and reports the following for the month of June. Date June 1 (a1) 12 23 30 Explanation Units Unit Cost Inventory $5 Purchase Purchase Inventory 105 350 200 230 7 Weighted-average unit cost $ Total Cost $525 2,100 1,400 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Crane Company uses a periodic inventory system and reports the following for the month of June. Date June 1 (a1) 12 23 30 Explanation Units Unit Cost Inventory $5 Purchase Purchase Inventory 105 350 200 230 7 Weighted-average unit cost $ Total Cost $525 2,100 1,400 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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