During 2015, a company sells 460 units of inventory for $91 each. The company has the following inventory purchase transactions for 2015:
|
Date
|
Transaction
|
Number of Units
|
Unit
Cost
|
Total
Cost
|
|
Jan. 1
|
Beginning inventory
|
|
79
|
|
$
|
73
|
|
$
|
5,767
|
|
|
May 5
|
Purchase
|
|
264
|
|
|
74
|
|
|
19,536
|
|
|
Nov. 3
|
Purchase
|
|
182
|
|
|
76
|
|
|
13,832
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
525
|
|
|
|
|
$
|
39,135
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Calculate cost of goods sold and ending inventory for 2015 assuming the company uses weighted-average cost with a periodic inventory system.(Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount. Omit the "$" sign in your response.)
|
Cost of goods sold
|
$
|
|
Ending inventory
|
$
|