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At May 1, 2020, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory

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At May 1, 2020, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows. 800unitsat$6600unitsat$8 The company sold 1,000 units during the month for $12 per unit. Bibby uses the average cost method. Calculate the ending inventory value at May 31,2020 . (Answer should be rounded to the nearest dollar, L.e, $6,800,66 should be entered as 6,801 )

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