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In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1)230 units at $6, (2) 330 units at
In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1)230 units at $6, (2) 330 units at $8, and (3) 430 units at $9. Calculate average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Average unit cost $ Compute the cost of the ending inventory under the average-cost method, assuming there are 130 units on hand at the end of the period. (Round answer to 0 decimal places, e.g. 125.) The cost of the ending inventory $
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