Question: 5 Compute the ending inventory using average-cost. BE6.4 (LO 2), AP In its first month of operations, McLanie Company made three purchases of merchandise in

5 Compute the ending inventory using average-cost. BE6.4 (LO 2), AP In its first month of operations, McLanie Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $8, and (3) 500 units at $9. Assuming there are 200 units on hand, compute the cost of the ending inventory under the average-cost method. (Round weighted-average unit cost to three decimal places.) Explain the financial statement effect of inventory cost flow assumptions. BE6.5 (LO 2), C The management of Milque.Com is

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