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What is the weighted-average unit cost

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Reference no: EM132488149

The inventory transactions of Green Products Inc.are shown below.

Date          Transaction Number of Units           Unit Cost

Jan. 1         Beginning inventory 500                      $5

May 15         Purchase 1,000                                 6

Jun. 10         Purchase 500                                     7

Oct. 25       Purchase 2,000                                    8

Units sold during the year: 3,000

Question 1: What is the weighted-average unit cost?

Reference no: EM132488149

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