WHAT IS THE COST OF GOODS ABAILABLE FOR SALE BASE OFF OF THE CHART?   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   2250     23   Purchase   400   6   2400     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

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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WHAT IS THE COST OF GOODS ABAILABLE FOR SALE BASE OFF OF THE CHART?

 

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   2250    
23   Purchase   400   6   2400    
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.

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