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In its first month of operations, Coronado Company made three purchases of merchandise in the following sequence: (1)300units at $6 (2)500units at $7 (3)200units at

In its first month of operations, Coronado Company made three purchases of merchandise in the following sequence:

(1)300units at $6

(2)500units at $7

(3)200units at $8.

Calculate the average unit cost.(Round answer to 2 decimal places, e.g. 15.25.)

Average unit cost: $__________

(this is all the information provided by the WileyPlus system)

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