a) the FIFO method and (b) the LIFO method.

In its first month of operations, Vaughn Manufacturing made three purchases of merchandise in the following sequence: (1) 300 units at $4, (2) 400 units at $5, and (3) 500 units at $8. (a) Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ eTextbook and Media List of Accounts Attempts: 0 of 10 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above