Homework Answers
1) Average unit cost = [(290 × $4) + (390 × $6) + (490 × $7)] / (290 + 390 + 490) = $6,930 / 1,170 = $5.923
2) Cost of the ending inventory = 190 units × $5.923 = $1,125
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(Round answer to 3 decimal places, e.g.
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