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In its first month of operations, Pharoah Company made three purchases of merchandise in the...

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Accounting

In its first month of operations, Pharoah Company made three purchases of merchandise in the lollowing sequence: (1)650 units at $6,(2)750 units at $8, and (3)850 units at $9. Pharoah uses a periodic inventory system.
Your answer is correct.
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g.5.125.)
Weighted-average unit cost $
eTextbook and Media
X Your answer is incorrect.
Compute the cost of the ending inventory under the average-cost method, assuming there are 550 units on hand at the end of the period. (Round answer to 0 decimal places, e.g.125.)
Cost of the ending inventory
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