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Compute the cost of the ending inventory

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Question - In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 200 units at $7, (2) 430 units at $8, and (3) 120 units at $9.

Required -

Calculate the average unit cost.

Compute the cost of the ending inventory under the average-cost method, assuming there are 370 units on hand.

Reference no: EM132626617

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