CALIX Systems sell telecommunication equipment to internet p…

CALIX Systems sell telecommunication equipment to internet providers. During 2025, the company reported the following activity related to inventory:                                                                                           Beginning Inventory                                       3,000 units at $16.67/unit Purchased                                                       9,000 units at $14.44/unit                                                             Units on hand remaining at year end            4,000 units                                                                                                                       Cost of Goods Sold using the average-cost method would be (round average-cost per unit to two decimal places):