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In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 290 units at S5, (2) 390 units

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In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 290 units at S5, (2) 390 units at $7, and (3) 490 units at $8. Assuming there are 190 units on hand at the end of the period. Calculate average unit cost

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