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In its first month of operations. Wildhorse Company made three purchases of merchandise in the following sequence: (1) 300 units at, $9, (2) 400 units

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In its first month of operations. Wildhorse Company made three purchases of merchandise in the following sequence: (1) 300 units at, $9, (2) 400 units at $11, and (3) 600 units at $12. Assuming there are 200 units on hand at the end of the period. Wildhorse uses a periodicinventory system. Compute the cost of the ending inventory under the average-cost method. (Round the cost per unit to 3 decimal ploces, eg. 8.875 and the final answer to 0 decimal ploces, eg, 5,275.) Cost of the ending inventory

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