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In its first month of operations, Wildhorse Company made three purchases of merchandise in the following sequence: (1) 350 units at $3, (2) 400
In its first month of operations, Wildhorse Company made three purchases of merchandise in the following sequence: (1) 350 units at $3, (2) 400 units at $5, and (3) 500 units at Wildhorse uses a periodic inventory system. Calculate weighted average unit cost. (Round answer to 3 decimal places, eg. 5.125) Weighted-average unit cost eTextbook and Media Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units on hand at the end of the period. (Round answer to 0 decimal places, eg. 125) Cost of the ending inventory
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