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In its first month of operations, Wildhorse Company made three purchases of merchandise in the following sequence: ( 1 ) 3 0 0 units at

In its first month of operations, Wildhorse Company made three purchases of merchandise in the following sequence: (1)300 units at
$5,(2)400 units at $7, and (3)600 units at $8. Assuming there are 200 units on hand at the end of the period.
Compute the cost of the ending inventory under the average-cost method. Wildhorse uses a periodic inventory system. (Round the cost
per unit to 2 decimal places, e.g.8.87 and the final answer to 0 decimal places, e.g.5,275.)
Cost of the ending inventory $
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