In its first month of operations, Ivanhoe Company made three purchases of merchandise in the following sequence: (1) 700 units at $ 3, (2) 800 units at $ 5, and (3) 1,000 units at $ 6. Assuming there are 600 units on hand at the end of the period. Ivanhoe 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.)

What is the cost of ending inventory? $________