Hi
I really don't know whether you can create running totals with CR7. Under Field Explorer, you will find running totals.
Try to create two running totals one for sum of months value >500 and other for count of months where value>500
To get sum of months value >500 :
Create new running total-- Select the amount field-- select 'sum' to get summaries
Evaluate : use formula and say sum(value) > 500
reset --never
create one formula to arrive average.