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Assume the following purchases of inventory for XYZ Brands and use this information to answer the following question. Purchase # Purchase Price 1 10

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Assume the following purchases of inventory for XYZ Brands and use this information to answer the following question. Purchase # Purchase Price 1 10 units @ $5 2 3 5 units @ $7 15 units @ $10 4 9 units @ $14 5 10 units @ $13 Assume XYZ Brands uses the average cost method of inventory valuation. What unit cost would be used to determine the amount in ending inventory or cost of goods sold? Only

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