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In its first month of operations, Cheyenne Corp. made three purchases of merchandise in the following sequence: (1) 130 units at $6, (2) 400 units
In its first month of operations, Cheyenne Corp. made three purchases of merchandise in the following sequence: (1) 130 units at $6, (2) 400 units at $7, and (3) 120 units at $8.
1.Calculate the weighted-average unit cost.?
2. Compute the cost of the ending inventory under the average-cost method, assuming there are 380 units on hand.
Weight-average 'units cost- ?
the cost of the ending inventory-
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