Crane Company uses a periodic inventory system. Its records show the following for the month...
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Crane Company uses a periodic inventory system. Its records show the following for the month of April, with 27 units on hand at April 30:
Crane Company uses a periodic inventory system. Its records show the following for the month of April, with 27 units on hand at April 30: Unit Cost Total Cost Units April 1 Inventory 31 $9 $279 12 Purchases 48 12 576 16 Purchases 15 10 150 Total 94 1,005 Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas. (Round the weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) FIFO Weighted average Ending Inventory $ $ Cost of Goods Sold $ $ Prove the cost of goods sold calculations. (Round the average cost per unit to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,275.) Check of Cost of Goods Sold (FIFO): Units Unit Cost Total Cost Apr. 1 $ $ Apr. 12 $ Weighted Average Check of Cost of Goods Sold: $ = per unit = $
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