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In its first month of operations, Bramble Corp. made three purchases of merchandise in the following sequence: (1) 500 units at $3, (2) 600 units
In its first month of operations, Bramble Corp. made three purchases of merchandise in the following sequence: (1) 500 units at $3, (2) 600 units at $4, and (3) 700 units at $6.Calculate average unit cost. Compute the cost of the ending inventory under the average-cost method, assuming there are 400 units on hand at the end of the period.
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