Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: (1) 380 units at $7, (2) 480 units at $9, and (3) 580 units at $10. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: (1) 380 units at $7, (2) 480 units at $9, and (3) 580 units at $10. Compute the cost of the ending inventory under the average-cost method, assuming there are 280 units on hand at the end of the period.

Sagot :

Zviko

Answer:

average unit cost = $8.875

the cost of the ending inventory = $2,485

Explanation:

average unit cost = Total cost ÷ units available for sale

                             = $12,780  ÷ 1,440

                             = $8.875

the cost of the ending inventory = unit cost x ending units

                                                      = $8.875 x 280

                                                      = $2,485

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.