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In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1)200units at $7, (2)430units at $8, and (3)120units
In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1)200units at $7, (2)430units at $8, and (3)120units at $9.
Calculate the average unit cost.(Round answer to 2 decimal places, e.g. 15.25.)
Average unit cost$
Compute the cost of the ending inventory under the average-cost method, assuming there are370units on hand.(Round answer to 0 decimal places, e.g. 1,250.)
The cost of the ending inventory$
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