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In its first month of operations, Swifty Corporation made three purchases of merchandise in the following sequence: (1) 650 units at $7, (2) 750 units
In its first month of operations, Swifty Corporation made three purchases of merchandise in the following sequence: (1) 650 units at $7, (2) 750 units at $9, and (3) 850 units at $10. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ eTextbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 550 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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