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

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ISBN:9781337272124

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Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4CP: Golden Eagle Company began operations on April 1 by selling a single product. Data on purchases and...

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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 $

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