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Some of the information found on a detail inventory card for Tamarisk Inc. for the first month of operations is as follows. Received Date No.

Some of the information found on a detail inventory card for Tamarisk Inc. for the first month of operations is as follows.

Received

Date

No. of Units

Unit Cost

Issued, No. of Units

Balance, No. of Units

January 2

1,300

$4.38

1,300

7

800

500

10

700

4.67

1,200

13

600

600

18

1,100

4.82

400

1,300

20

1,100

200

23

1,400

4.96

1,600

26

900

700

28

1,700

5.11

2,400

31

1,400

1,000

Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)

Average-cost per unit

$

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