Question: Brief Exercise 6-3 (Part Level Submission) In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 300

Brief Exercise 6-3 (Part Level Submission) In its first month of

Brief Exercise 6-3 (Part Level Submission) In its first month of operations, Giffin 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 at the end of the period. (a) Your answer is correct. Calculate average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) Average unit cost 7.917 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 5 of 15 used v (b) Compute the cost of the ending inventory under the average-cost method, assuming there are 200 units on hand. (Round answers to 0 decimal places, e.g. 125.) The cost of the ending inventory

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