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In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 500 units at $4.(2)600 units at $5,

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In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 500 units at $4.(2)600 units at $5, and (3)700 units at $7. (a) Calculate average unit cost. (Round answer to 3 decimal places, es. 5.125) Average unit cost

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