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Please Help with my accounting. In its first month of operations, Sandhill Company made three purchases of merchandise in the following sequence: (1) 800 units
Please Help with my accounting.
In its first month of operations, Sandhill Company made three purchases of merchandise in the following sequence: (1) 800 units at $4, (2) 850 units at $6, and (3) 950 units at $7. Sandhill uses a periodic inventory system. Your answer is correct. Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost e Textbook and Media (a2) 5.75 Attempts: 1 of 3 used Compute the cost of the ending inventory under the average-cost method, assuming there are 700 units on hand at the end of the period. (Round answer to O decimal places, e.g. 125.) Cost of the ending inventory
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