In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: (1) 300 units at $2, (2) 400 units at $4, and (3) 600 units at $5. Assuming there are 200 units on hand at the end of the period. Crane 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, es. 8.875 and the final answer to o decimal places, c.8. 5,275.) $ Cost of the ending Inventory