Current attempt in progress in its first month of operations, coronado industries made three purchases of merchandise in the following sequence: (1) 500 units at $6, (2) 600 units at $7, and (3) 700 units at $9. calculate average unit cost. (round answer to 3 decimal places, e. g. 5.125.) average unit cost $enter an average unit cost in dollars etextbook and media list of accounts compute the cost of the ending inventory under the average-cost method, assuming there are 400 units on hand at the end of the period. (round answer to 0 decimal places, e. g. 125.) the cost of the ending inventory $enter the cost of the ending inventory in dollars

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?