Homework Answers
We have to find the future value
Future value= pmt*(1+interest)^years
=12500*(1+0.08)^5
FV=$18366.60
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Crane Company had a beginning inventory on January 1 of 160 units
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400 units
at
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Sept. 4
300 units
at
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July 20
220 units
at
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Dec. 2
100 units
at
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(a)
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Problem 6-03A a, b1-b2, c (Part Level Submission)
(Video)
Crane Company had a beginning inventory on January 1 of 160 units
of Product 4-18-15 at a cost of $20 per unit. During the year, the
following purchases were made.
Mar. 15
400 units
at
$24
Sept. 4
300 units
at
$33
July 20
220 units
at
$28
Dec. 2
100 units
at
$30
980 units were sold. Crane Company uses a periodic inventory
system.
(a)
Your answer is correct.
Determine...
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