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In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 250 units at $6, (2) 350 units

In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 250 units at $6, (2) 350 units at $8, and (3) 450 units at $9 .

Compute the cost of the ending inventory under the average-cost method, assuming there are 150 units on hand at the end of the period.

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