Some of the information found on a detail inventory card for Crane Inc. for the first month of operations is as follows. Date January 2 7 10 13 18. 20 23 26 28 31 Received No. of Units 1,300 700 1,100 1,400 1,700 Unit Cost $3.03 3.23 3.33 3.43 3.54 Issued, No. of Units 800 600 400 1,100 900 1,400 Balance, No. of Units 1,300 500 1,200 600 1,300 200 1,600 700 2,400 1,000

Some of the information found on a detail inventory card for Crane Inc. for the first month of operations is as follows. Date January 2 7 10 13 18. 20 23 26 28 31 Received No. of Units 1,300 700 1,100 1,400 1,700 Unit Cost $3.03 3.23 3.33 3.43 3.54 Issued, No. of Units 800 600 400 1,100 900 1,400 Balance, No. of Units 1,300 500 1,200 600 1,300 200 1,600 700 2,400 1,000

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 2PEA: Beginning inventory, purchases, and sales for Item ProX2 are as follows: Assuming a perpetual...

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