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its first month of operations, Tamarisk, Inc. made three purchases of merchandise in the following sequence: (1) 165 units at $8, 470 units at $9, and (3) 135 units at $10. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 15.225.) Weighted-average unit cost $

its first month of operations, Tamarisk, Inc. made three purchases of merchandise in the following sequence: (1) 165 units at $8, 470 units at $9, and (3) 135 units at $10. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 15.225.) Weighted-average unit cost $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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In its first month of operations, Tamarisk, Inc. made three purchases of merchandise in the following sequence: (1) 165 units at $8, (2) 470 units at $9, and (3) 135 units at $10. Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 15.225.) Weighted average unit cost $ Compute the cost of the ending inventory under the average-cost method, assuming there are 200 units on hand. (Round answer to O decimal places, eg. 1,250.) The cost of the ending inventory $
Transcribed Image Text:In its first month of operations, Tamarisk, Inc. made three purchases of merchandise in the following sequence: (1) 165 units at $8, (2) 470 units at $9, and (3) 135 units at $10. Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 15.225.) Weighted average unit cost $ Compute the cost of the ending inventory under the average-cost method, assuming there are 200 units on hand. (Round answer to O decimal places, eg. 1,250.) The cost of the ending inventory $
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