Question: Current Attempt in Progress In its first month of operations, Vaughn Company made three purchases of merchandise in the following sequence: (1) 320 units

Current Attempt in Progress In its first month of operations, Vaughn Company

Current Attempt in Progress In its first month of operations, Vaughn Company made three purchases of merchandise in the following sequence: (1) 320 units at $8, (2) 430 units at $9, and (3) 250 units at $10. (a) Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Average unit cost $ Save for Later Attempts: 0 of 1 used Submit Answer (b) Compute the cost of the ending inventory under the average-cost method, assuming there are 400 units on hand. (Round answer to 0 decimal places, e.g. 1,250.) The cost of the ending inventory $ Save for Later Attempts: 0 of 1 used Submit Answer

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