A company purchased 90 units for $20 each on January 31 it purchased 160 units for $25 each on February 28 it's sold 160 units for $70 each from March 1 through December 31 if the company uses the weighted average inventory costing in math it calculate the amount of cost of good sold on the income statement for the year ending December 31 (Assume the company uses the perpetual inventory system round any immediate calculations to decimal places and your final answer to the nearest dollar)