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Question 1 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 $ SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT 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 0 decimal places, e.g. 125.) The cost of the ending inventory S Click if you would like to Show Work for this question: Open Show Work