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In its first month of operations, Wildhorse Company made three purchases of merchandise in the following sequence: ( 1 ) 3 5 0 units at

In its first month of operations, Wildhorse Company made three purchases of merchandise in the following sequence: (1)350 units at $3,(2)400 units at $5, and (3)500 units at $7. Wildhorse uses a periodic inventory system.
(a1)
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g.5.125.)
Weighted-average unit cost $
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