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In its first month of operations, Sheffield Corp. made three purchases of merchandise in the following sequence: (1) 350 units at $8. (2) 400 units

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In its first month of operations, Sheffield Corp. made three purchases of merchandise in the following sequence: (1) 350 units at $8. (2) 400 units at $9, and (3) 500 units at $10, Calculate average unit cost. (Round answer to 3 decimal places, c.8.5.125.) Average unit cost e Textbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units on hand at the end of the period. (Round answer to decimal places, e.g. 125.) The cost of the ending inventory $

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