1 Function: ROUND; Formula: Add, Multiply, Divide; Cell Referencing 2 3 Using Excel to Cost Inventory 4 PROBLEM 5 In its first month of operations, McLanie Company made three 6 purchases. Information concerning these purchases and units on 7 hand are: 8 9 10 11 12 13 14 Units 300 400 500 789 Cost per Unit $6.00 8.00 9.00 Units on hand at period en 200 15 16 Purchases of merchandise were made in the sequence listed above. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use only mathematical formulas with cell references to compute the unit cost and the cost of ending inventory. Compute the cost of the ending inventory under the average-cost method in a periodic inventory system. Weighted-average unit cost Round unit cost to 3 decimals using the ROUND function Cost of ending inventory

Using Excel to Cost Inventory PROBLEM In its first month of operations, MeLanie Company made three purchases, Information concerning these purchases and units on hand are: \begin{tabular}{cc} Units & Cost per Unit \\ \hline 300 & $6.00 \\ 400 & 8.00 \\ 500 & 9.00 \end{tabular} Units on hand at period en 200 Purchases of merchandise were made in the sequence listed above. Student Work Area Required; Provide input into cells shaded in yellow in this template. Use only mathematical formulas with cell references to compute the unit cost and the cost of ending inventory. Compute the cost of the ending inventory under the average-cost method in a periodic inventory system. Weighted-average unit cost Round unit cost to 3 decimals using the ROUND function Cost of ending inventory