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Crane Company uses the periodic inventory system. For the current month, the beginning inventory consisted...

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Accounting

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Crane Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 475 units that cost $60 each. During the month, the company made two purchases: 715 units at $63 each and 355 units at $65 each. Crane Company also sold 1195 units during the month. Using the average cost method, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.) $74735 $22750 $21889 $73870

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