In its first month of operations, Bramble Company made three purchases of merchandise in the following sequence: (1) 350 units at $7. (2) 430 units at $8. and (3) 220 units at $9. (a) X Your answer is incorrect. Calculate the average unit cost. (Round answer to 2 decimal places, eg. 15.25.) Average unit cost 7870 eTextbook and Media Attempts: 1 of 5 used Submit Answer Save ror Larer (b)
In its first month of operations, Bramble Company made three purchases of merchandise in the following sequence: (1) 350 units at $7. (2) 430 units at $8. and (3) 220 units at $9. (a) X Your answer is incorrect. Calculate the average unit cost. (Round answer to 2 decimal places, eg. 15.25.) Average unit cost 7870 eTextbook and Media Attempts: 1 of 5 used Submit Answer Save ror Larer (b)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:Inits first month of operations, Bramble Company made three purchases of merchandise in the following sequence: (1) 350 units at
$7. (2) 430 units at $8. and (3) 220 units at $9.
(a)
X Your answer is incorrect.
Calculate the average unit cost. (Round answer to 2 decimal places, eg. 15.25.)
Average unit cost
7870
eTextbook and Media
Attempts: 1 of 5 used
Submlt Answer
Save ror Larer
(b)
* Your answer is incorrect.
Compute the cost of the ending inventory under the average-cost method, assuming there are 400 units on hand. (Round answer to
O decimal places, eg. 1.250.)
The cost of the ending inventory
%24
1948
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