You are provided with the following information for Crane Inc. Crane Inc. uses the periodic method of accounting for its inventory transactions.
You are provided with the following information for Crane Inc. Crane Inc. uses the periodic method of accounting for its inventory transactions. March1Beginning inventory 2,000 liters at a cost of 60¢ per liter.March3Purchased 2,500 liters at a cost of 64¢ per liter.March5Sold 2,300 liters for $1.05 per liter.March10Purchased 4,000 liters at a cost of 71¢ per liter.March20Purchased 2,200 liters at a cost of 79¢ per […]
