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Compute the cost of the ending inventory

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Question - 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.

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.

Reference no: EM133152520

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