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In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 240 units at $6, (2) 340 units

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In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 240 units at $6, (2) 340 units at $8, and (3) 440 units at $9. Assuming there are 140 units on hand at the end of the period. Your answer is incorrect. Calculate average unit cost. Average unit cost $

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