Financial Accounting
BE6-4
In its first month of operations, Quirk Company made three purchases of merchandise in the following sequence:
(1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8.
Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand
(Round computation for unit cost to 2 decimal places, e.g. 10.50. Round final answer to 0 decimal places, e.g. 125.)
