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In its first month of operations, Carla Vista Company made three purchases of merchandise in the following sequence: (1) 200 units at $4, (2) 300
In its first month of operations, Carla Vista Company made three purchases of merchandise in the following sequence: (1) 200 units at \$4, (2) 300 units at \$6, and (3) 500 units at \$7. Assuming there are 100 units on hand at the end of the period. Carla Vista uses a periodic inventory system. Compute the cost of the ending inventory under the average-cost method. (Round the cost per unit to 3 decimal places, e.g. 8.875 and the final answer to 0 decimal places, e.g. 5,275.) Cost of the ending inventory
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