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A company is an online retailer that sells video games equipment. The figure below shows the companys beginning inventory and purchases of game controllers during

A company is an online retailer that sells video games equipment. The figure below shows the companys beginning inventory and purchases of game controllers during the year ended Dec 31, 2018. As shown below, the company sold 7,000 controllers to various customers during the year. The retail price of the controller was $60.

Date: Transactions Number of Controllers Cost Number Sold
1-5 Beginning Inventory 1,000 $30 800
2-7 Purchase 1,000 $31 900
3-10 Purchase 2,000 $32 1,800
5-30 Purchase 3,000 $33 2,000
7-25 Purchase 1,500 $34 1,000
9-12 Purchase 500 $34 500
Total 9,000 7,000

What is the companys ending inventory and cost of goods sold for the year ended December 31, 2018, using the periodic weighted average method?

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