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In its first month of operations, Ivanhoe Company made three purchases of merchandise in the following sequence: (1) 300 units at $4. (2) 400 units at $5, and (3) 500 units at $8. Ivanhoe uses a periodic irventory system. Compute the cost of the ending inventory under the average-cost method, assuming there are 200 units on hand at the end of the period. (Round answer to 0 decimal places, eg-125) Cost of the ending inventory