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In its first month of operations, Oriole Company made three purchases of merchandise in the...

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Accounting

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In its first month of operations, Oriole Company made three purchases of merchandise in the following sequence: (1) 800 units at $6, (2) 850 units at $8, and (3) 950 units at $9. Calculate average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 700 units on hand at the end of the period. (Round answer to O decimal places, eg. 125.) The cost of the ending inventory $

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