In its first month of operations, Sunland Company made three purchases of merchandise in the...
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Accounting
In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 300 units at $4. (2) 400 units at $6, and (3) 600 units at $7. Assuming there are 200 units on hand at the end of the period. Sunland uses a periodic inventory system. Compute the cost of the ending inventory under the average-cost method. (Round the cost per unit to 3 decimal places, eg. 8.875 and the final answer to 0 decimal places, es. 5.275.) Cost of the ending inventory
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