Question: Please answer problem #7 part B, SHOWING ALL WORK ACCORDINGLY. Thank you! In its first month of operations, Sunland Company made three purchases of merchandise
In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 200 units at $6, (2) 300 units at $8, and (3) 400 units at $9. (a) Your answer has been saved. See score details after the due date. Calculate average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Average unit cost 8.000 Attempts: 1 of 1 used (b) Compute the cost of the ending inventory under the average-cost method, assuming there are 100 units on hand at the end of the period. (Round answer to O decimal places, es. 125.) The cost of the ending inventory $
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