Business, 22.03.2021 22:20 evelyngarcia99
Crane Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 485 units that cost $60 each. During the month, the company made two purchases: 720 units at $63 each and 355 units at $65 each. Crane Company also sold 1200 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month? $72000. $75935. $74145. $75024.
Answers: 3
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Crane Company uses the periodic inventory system. For the current month, the beginning inventory con...
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