Inventory data for crane company are reported as follows.DateexplanationUnitsUnit CostTotal CostJune 1inventory150$4$60012purchase4505225023purchase4006240030inventory80 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 $9. (a1)Your answer is correct.Calculate cost of goods available for sale.The cost of goods available for saleeTextbook and Media(a2)Your answer is partially correct.June 1Calculate Moving-Average unit cost for June 1, 12, 15,23 & 27. (Round answers to 3 decimal places, e.g. 2.525.)June 12June 15June 23June 27$$+A$$$4.7552504.75Attempts: 1 of 3 used

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Description: Inventory data for crane company are reported as follows.DateexplanationUnitsUnit CostTotal CostJune 1inventory150$4$60012purchase4505225023purchase4006240030inventory80 Assume a sale of 500 units occurred on June 15 for a selling price of $7 and a

Introduction:- Moving average inventory method is one of the inventory method for inventory…

Answered: Calculate Moving-Average unit cost for…

Business

Accounting

Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.) June 1 June 12 $ June 15 $ 4.75 4.75

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 2.3C

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