At May 1, 2022,Sheridan Companyhad beginning inventory consisting of250units with a unit cost of $6. During May, the company purchased inventory as follows:

500units at $6

760units at $7

The company sold1260units during the month for $10per unit.Sheridan Companyuses the average cost method. The value ofSheridan Company's inventory at May 31, 2022 is(Round average cost per unit to 2 decimal places, e.g. 12.52.)