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Merchandise inventory purchases for a firm for a three-month period are: January: 2,000 units @ $12 per unit; February: 1,800 @ $14 per unit; March 2,600 units @ 15 per unit. What is the mean unit cost of merchandise inventory?

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mean cost=(total cost)/total number units.

= (2000*12+1800*14+2600*15) /(2000+1800+2600)

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