SOLVE AND WRITE EQUATIONS

In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 800 units at $6, (2) 850 units at $8, and (3) 950 units at $9. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ 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.) The cost of the ending inventory $