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In his first month of operations, Pharoah Company made three purchases of merchandise in the following sequence: ( 1 ) 6 5 0 units at

In his first month of operations, Pharoah Company made three purchases of merchandise in the following sequence: (1)650 units at $6,(2)750 units at (3)850 units at $9. Pharoah uses a periodic invetory system.
Calculate weighted-average unit cost.
Weighted-average unit cost $
Compute the cost of the ending inventory under the average-cost method, assuming there are 550 units on hand at the end of the period.
Cost of the ending inventory $

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