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In its first month of operations, Novak Corp. made three purchases of merchandise in the following sequence: (1) 165 units at $6, (2) 470 units
In its first month of operations, Novak Corp. made three purchases of merchandise in the following sequence: (1) 165 units at $6, (2) 470 units at $7, and (3) 140 units at $8.
Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 15.225.)
Weighted-average unit cost | $enter the weighted average unit cost in dollars rounded to 3 decimal places |
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