1 Function: ROUND: Formula: Add, Multiply, Divide; Cell Referencing Using Excel to Cost Inventory PROBLEM in its first month of operations, McLane Company made three purchases Information concerning these purchases and units on hand are: Student Work Area Required: Provide input into cols shaded in yelow in this template Use only mathematical formulas with col references to compute the unit cost and the cost of ending Inventory Units 300 400 500 Cost per Unit $ 8.00 8.00 9.00 Compute the cost of the ending inventory under the average cost method in a periodic Inventory system Wokynfed-average unt cost Round unt cost to 3 decimals using the ROUND function $ Units on hand at period and 200 15 16 Purchases of merchandise were made in the sequence isted above. Cost of ending inventory 5 110 IN 19 20 21 22 ANASAN 24 26 27