1. Calculate the cost of goods sold and ending inventory using weighted average.

2. Prepare journal entries to record the June 6 purchase and the October 18 sale.

3. Calculate gross profit for the year.

22 TE View Policies Current Attempt in Progress Pharoah Company uses a perpetual inventory system. The company began 2021 with 800 lamps in inventory at a cost of $13 per unit. During 2021. Pharoah had the following purchases and sales of lamps: February 15 Purchased 1.600 units @ $19 per unit April 24 Sold 2.000 units @ $31 per unit June 6 Purchased 2,800 units $24 per unit October 18 Sold 1.600 units $34 per unit December 4 Purchased 1.120 units@ $27 per unit All purchases and sales are on account. Calculate the cost of goods sold and ending inventory using weighted average (round the weighted average cost per unit to three decimal places, eg 5.275 and final answers to decimal places, s. 5.275)