In its first month of operations, Sheffield Corp. made three purchases of merchandise in the following sequence: (1) 155 units at $8, (2) 600 units at $9, and (3) 105 units at $10. (a1) Your answer is correct. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 15.225.) Weighted-average unit cost eTextbook and Media (a2) * Your answer is incorrect. $ 8.942 The cost of the ending inventory Assuming there are 300 units on hand, compute the cost of the ending inventory under the average-cost method. (Round answer to O decimal places, e.g. 1,250.) Attempts: 1 of 3 used 26

In its first month of operations, Sheffield Corp. made three purchases of merchandise in the following sequence: (1) 155 units at $8, (2) 600 units at $9, and (3) 105 units at $10. (a1) Your answer is correct. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 15.225.) Weighted-average unit cost eTextbook and Media (a2) * Your answer is incorrect. $ 8.942 The cost of the ending inventory Assuming there are 300 units on hand, compute the cost of the ending inventory under the average-cost method. (Round answer to O decimal places, e.g. 1,250.) Attempts: 1 of 3 used 26

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Any help is appreciated, here is the question. https://drive.google.com/file/d/0B-AOAJtLKPhfOEJhR0RWRWtmT3BGVVljQUZaRko0Zkh2NDRr/view?usp=sharing