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Current Attempt in Progress In its first month of operations, Wildhorse Co. made three purchases of merchandise in the following sequence: (1) 200 units at
Current Attempt in Progress In its first month of operations, Wildhorse Co. made three purchases of merchandise in the following sequence: (1) 200 units at $5, (2) 300 units at $7, and (3) 400 units at $8. Calculate average unit cost. (Round answer 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 100 units on hand at the end of the period. (Round answer to O decimal places, e.g. 125.) The cost of the ending inventory $
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