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Crane Company's record of transactions for the month of April was as follows Purchase Sales April 1 balance on hand) 300 $5.10 April 3 250 $10.00 4 750@ 5.20 , 700 10.00 ཨ ཀྐ རྒྱུ མ 400 5.50 11 300 11.00 13 600 5.60 23 600 Q 11.00 21 350 5.70 27 450 12.00 29 250 5.90 2,300 2,650 [31] Your arewer is correct Assuming that periodic inventory records are kept in units only calculate the average-cast per unit Round orewer to 2 decimal places, e.g. 2.76.) Average-cast per unit $ [32] eTextbook and Media Your arewer is incorrect. 546 per unit Attempts: 4 of 5 used Assuming that periodic inventory records are kept in units only compute the inventory at April 30 using LIFO and average-cast Round orewer to decimal places, e.g. 2,760.) LIFO $ Average-cast $

Crane Company's record of transactions for the month of April was as follows Purchase Sales April 1 balance on hand) 300 $5.10 April 3 250 $10.00 4 750@ 5.20 , 700 10.00 ཨ ཀྐ རྒྱུ མ 400 5.50 11 300 11.00 13 600 5.60 23 600 Q 11.00 21 350 5.70 27 450 12.00 29 250 5.90 2,300 2,650 [31] Your arewer is correct Assuming that periodic inventory records are kept in units only calculate the average-cast per unit Round orewer to 2 decimal places, e.g. 2.76.) Average-cast per unit $ [32] eTextbook and Media Your arewer is incorrect. 546 per unit Attempts: 4 of 5 used Assuming that periodic inventory records are kept in units only compute the inventory at April 30 using LIFO and average-cast Round orewer to decimal places, e.g. 2,760.) LIFO $ Average-cast $

FINANCIAL ACCOUNTING
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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Crane Company's record of transactions for the month of April was as follows Purchase Sales April 1 balance on hand) 300 $5.10 April 3 250 $10.00 4 750@ 5.20 , 700 10.00 ཨ ཀྐ རྒྱུ མ 400 5.50 11 300 11.00 13 600 5.60 23 600 Q 11.00 21 350 5.70 27 450 12.00 29 250 5.90 2,300 2,650 [31] Your arewer is correct Assuming that periodic inventory records are kept in units only calculate the average-cast per unit Round orewer to 2 decimal places, e.g. 2.76.) Average-cast per unit $ [32] eTextbook and Media Your arewer is incorrect. 546 per unit Attempts: 4 of 5 used Assuming that periodic inventory records are kept in units only compute the inventory at April 30 using LIFO and average-cast Round orewer to decimal places, e.g. 2,760.) LIFO $ Average-cast $
Transcribed Image Text:Crane Company's record of transactions for the month of April was as follows Purchase Sales April 1 balance on hand) 300 $5.10 April 3 250 $10.00 4 750@ 5.20 , 700 10.00 ཨ ཀྐ རྒྱུ མ 400 5.50 11 300 11.00 13 600 5.60 23 600 Q 11.00 21 350 5.70 27 450 12.00 29 250 5.90 2,300 2,650 [31] Your arewer is correct Assuming that periodic inventory records are kept in units only calculate the average-cast per unit Round orewer to 2 decimal places, e.g. 2.76.) Average-cast per unit $ [32] eTextbook and Media Your arewer is incorrect. 546 per unit Attempts: 4 of 5 used Assuming that periodic inventory records are kept in units only compute the inventory at April 30 using LIFO and average-cast Round orewer to decimal places, e.g. 2,760.) LIFO $ Average-cast $
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