In its first month of operations, Tamarisk, Inc. made three purchases of merchandise in the following sequence: (1) 500 units at $8, (2) 600 units at $9, and (3) 700 units at $11.

Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Average unit cost

$enter an average unit cost in dollars

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Compute the cost of the ending inventory under the average-cost method, assuming there are 400 units on hand at the end of the period. (Round answer to 0 decimal places, e.g. 125.)

The cost of the ending inventory

$enter the cost of the ending inventory in dollars