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In its first month of operations, Cullumber Company made three purchases of merchandise in the following sequence: (1) 350 units at $4, (2) 400

In its first month of operations, Cullumber Company made three purchases of merchandise in the following sequence: (1) 350 units at $4, (2) 400 units at $6, and (3) 500 units at $7. Cullumber uses a periodic inventory system. (a1) Your Answer Correct Answer (Used) * Your answer is incorrect. Calculate weighted-average unit cost. (Round answer to 3 decimal places, eg. 5.125) Weighted average unit cost $

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