Brief Exercise 6-04 a1-a2 In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8. Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Average unit cost %24 LINK TO TEXT Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand. (Round answer to 0 decimal places, e.g. 1,250.) The cost of the ending inventory Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
Brief Exercise 6-04 a1-a2 In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8. Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Average unit cost %24 LINK TO TEXT Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand. (Round answer to 0 decimal places, e.g. 1,250.) The cost of the ending inventory Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer these two problems correctly.
Transcribed Image Text:Brief Exercise 6-04 a1-a2
In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8.
Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.)
Average unit cost
24
LINK TO TEXT
Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand. (Round answer to 0 decimal places, e.g. 1,250.)
The cost of the ending inventory
Click if you would like to Show Work for this question: Open Show Work
LINK TO TEXT
Transcribed Image Text:Brief Exercise 6-03
X Your answer is incorrect. Try again.
In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8.
Assuming there are 380 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Weatherall uses a periodic inventory system.
FIFO
LIFO
Cost of the ending inventory
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