16. (6 points) Weighted Average Method. Use the data bel ow to answer the questions that follow. When you calculate the average cost per unit, round to 2 decimal places Round your final responses to the nearest whole dollar. Make sure your an read." swers are "easy to DateDescription Units Unit Cost 7/01 Beg Inventory 20 03 Purchase 7/05 Sale 7/14 Purchase 7/21 Sale 7/30 Purchase $9 80 50 40 30 90 $7 36 The selling price for both 7/05 and 7/21 was $15 per unit. Using the Weighted Average Method (perpetual), complete the following: Only the 1st response is required. The 2 and 3"d responses are Extra Credit, 4 points each -the Cost of Goods Sold for the 7/05 sale (Required the Cost of Goods Sold for the 7/21 sale (Extra Credit) -the dollar amount of Ending Inventory on 7/31 (Extra Credit) Page 13 of 17