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In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 310 units at $8, (2) 410 units
In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 310 units at $8, (2) 410 units at $10, and (3) 510 units at $11. Assuming there are 210 units on hand at the end of the period. Calculate average unit cost. Average unit cost $ _______ Compute the cost of the ending inventory under the average-cost method, assuming there are 210 units on hand. The cost of the ending inventory $ _________
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