The Gregory Company uses the periodic inventory procedure and had the following beginning inventory and purchases during 2018: Beginning inventory 700 units @ $6.50 $4,550 Purchase in April 450 units @ $6.00 2,700 Purchase in June 600 units @ $7.50 4,500 1,750 $11,750 At the end of the year, the company had 800 units. What is the cost of the ending inventory under the weighted average inventory method