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Brief Exercise 6-3 In its first month of operations, Metlock, Inc. made three purchases of merchandise in the following sequence: (1) 340 units at $5,
Brief Exercise 6-3 In its first month of operations, Metlock, Inc. made three purchases of merchandise in the following sequence: (1) 340 units at $5, (2) 440 units at 57, and (3) 540 units at $8. Assuming there are 240 units on hand at the end of the period. Calculate average unit cost. (Round ansver to 3 decimal places, e.g. 5.125.) Average unit cost Compute the cost of the ending inventory under the average-cost method, assuming there are 240 units on hand. (Round answer to o decimal places, e.g. 125.) The cost of the ending inventory Click if you would like to Show Work for this question: Open Show Work
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