Cat Paw Company just began business and made the following four inventory purchases in June:

June 1 100 units 1,000 June 10 100 units 1,250 June 15 100 units 1,500 June 28 100 units 1,750 $5,500

A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average cost inventory method, the value of the ending inventory on June 30 is

	$2,750
	$2,250
	$3,250