Data for McLanie Company are presented in BE6-2. Compute the cost of the ending inventory under the

Question:

Data for McLanie Company are presented in BE6-2. Compute the cost of the under the average-cost method. (Round the cost per unit to three decimal places.)
In BE6-2
In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence:
(1) 300 units at $6.
(2) 400 units at $8, and
(3) 500 units at $9.
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...