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In its first month of operations, Lily Company made three purchases of merchandise in the following sequence: ( 1 ) 3 5 0 units at

In its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1)350 units at $6,
(2)450 units at $7, and (3)200 units at $8.
(a)
Calculate the average unit cost. (Round answer to 2 decimal places, e.g.15.25.)
Average unit cost $
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(b).
Compute the cost of the ending inventory under the average-cost method, assuming there are 380 units on hand. (Round answer to Odecimal places, e.g.1,250.)
The cost of the ending inventory
$
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