In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 360 units at $8, (2) 460 units at $10, and (3) 560 units at $11. Assuming there are 260 units on hand at the end of the period.

In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 360 units at $8, (2) 460 units at $10, and (3) 560 units at $11. Assuming there are 260 units on hand at the end of the period. Calculate average unit cost. 3 decimal places Average unit cost Compute the cost of the ending inventory under the average-cost method, assuming there are 260 units on hand. The cost of the ending inventory