Massive Company provided the following information for the current year:                                                         Units            Unit cost           Total cost January 1 Inventory on hand           200               1,500                300,000 April 3 Purchase                               300               1,750                 525,000 October 1 Purchase                         500                2,000               1,000,000   The entity sold 400 units on June 25 and 400 on December 10. What is the weighted average cost of the inventory at year-end?

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