Using Excel to Cost Inventory Student Work Area PROBLEM In its first month of operations, McLanie Company made three purchases. 6 Information concerning these purchases and units on hand are: Required: Provide input into cells shaded in yellow in this template.Use only mathematical formulas with cell references to compute the unit cost and the cost of ending inventory. 8. Units Cost per Unit $ 6.00 Compute the cost of the ending inventory under the average-cost method in a periodic inventory system. 10 300 11 400 8.00 12 500 Answer Field 41.7% of your score. Formula: Add, Multiply, Divide; Input a mathematical formula us from the respective amounts int 9.00 Weighted-average unit cost 13 14 Units on hand at period end 200 Round unit cost to 3 decimals using the ROUND function 15 16 Purchases of merchandise were made in the sequence listed above. 17 Cost of ending inventory 18 19

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