In its first month of operations, Bonita Industries made three purchases of merchandise in the following sequence: (1) 380 units at $5, (2) 480 units at $7, and (3) 580 units at $8.

Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Average Unit Cost =

Compute the cost of the ending inventory under the average-cost method, assuming there are 280 units on hand at the end of the period. (Round answer to 0 decimal places, e.g. 125.)

Cost of ending Inventory =