n its first month of operations, Waterway Company made three purchases of merchandise in the following sequence: (1) 320 units at $8, (2) 440 units at $9, and (3) 240 units at $10.           Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Average unit cost   $             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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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n its first month of operations, Waterway Company made three purchases of merchandise in the following sequence: (1) 320 units at $8, (2) 440 units at $9, and (3) 240 units at $10.
 
 
 
 
 
Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.)

Average unit cost  
$
 
 
 
 
 
 
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  
$
 
 

 

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