Rudd Company made the following merchandise purchases during the current year:

Jan. 1

May 1

June 1

Oct. 1

380 units at $15.00

270 units at $20.00

300 units at $24.00

250 units at $30.00

There was no beginning inventory, but ending inventory consisted of 400 units. If Rudd uses the

moving-average cost method and the periodic inventory system, what would be the cost of the

ending inventory? (5 marks)