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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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