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In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: ( 1 ) 6 5 0 units at

In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1)650 units at $4,(2)750 units at $6, and (3)850 units at $7. Oriole uses a periodic inventory system.
(a1)
Your answer is correct.
Calculate weighted-average unit cost. (Round answer to 3 decimal places, eg.5.125.)
Weighted-average unit cost
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(a2)
Compute the cost of the ending inventory under the average-cost method, assuming there are 550 units on hand at the end of the period. (Round answer to 0 decimal places, e.g.125.)
Cost of the ending inventory $
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