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Compute the cost of the ending inventory under average-cost

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Reference no: EM133002475

In its first month of operations, Skysong, Inc. made three purchases of merchandise in the following sequence: (1) 650 units at $6, (2) 750 units at $8, and (3) 850 units at $9.

Problem 1: Calculate the average unit cost.

Problem 2: Compute the cost of the ending inventory under the average-cost method, assuming there are 550 units on hand at the end of the period.

Reference no: EM133002475

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