Crane Toys Company has a balance in inventory of $634000 at the beginning of the month. During the month Crane purchases additional inventory of $7648600. Crane has sales during the month of $9870500 with a related cost of goods sold on these sales of $7397700. What is Crane's ending inventory at the end of month? $8282600. $884900. $250900. $8031700.

Crane Toys Company has a balance in inventory of $634000 at the beginning of the month. During the month Crane purchases additional inventory of $7648600. Crane has sales during the month of $9870500 with a related cost of goods sold on these sales of $7397700. What is Crane's ending inventory at the end of month? $8282600. $884900. $250900. $8031700.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...

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