In its first month of operations, Pharoah Company made three purchases of merchandise in the following sequence: (1) 200 units at $7, (2) 300 units at $9, and (3) 500 units at $10. Assuming there are 100 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, e.g. 8.875 and the final answer to 0 decimal places, e.g. 5,275.) Cost of the ending inventory $

In its first month of operations, Pharoah Company made three purchases of merchandise in the following sequence: (1) 200 units at $7. (2) 300 units at $9, and (3) 500 units at $10. Assuming there are 100 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, e.g. 8.875 and the final answer to 0 decimal places, e.s. 5.275.) Cost of the ending inventory