In its first month of operations, Pharoah Company made three purchases of merchandise in the following sequence: (1) 300 units at $3, (2) 400 units at $5, and (3) 600 units at \$6. Assuming there are 200 units on hand at the end of the period. Pharoah 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, eg. 8.875 and the final answer to 0 decimal places, eg. 5.275.) Cost of the ending inventory