In its first month of operations, Crane Company made three purchases of merchandise in the...
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Accounting
In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: (1) 350 units at $6, (2) 400 units at $7, and (3) 250 units at $8. (a) Your answer is incorrect. Calculate the average unit cost. (Round answer to 2 decimal places, e.3. 15.25.) Average unit cost eTextbook and Media Attempts: 1 of 5 used (b) Your answer is incorrect. Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand (Round answer to 0 decimal places, e.s. 1,250.) The cost of the ending inventory
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