A company's inventory records indicate the following data for the month of July: Units DATE Sales Price/unit Activity Cost/Unit Units Sold Purchased 7/1 $15 380 270 7/5 $17 Beginning Purchase SALE Purchase SALE 400 7/10 7/20 7/25 $50 300 $22 400 $55 If the company uses the weighted average inventory valuation method and the perpetual Inventory system, what would be the cost of its ending Inventory? (Round average cost per unit to 2 decimals, and final answer to the nearest dollar.) Answer: Note: As a result of rounding the cost per unit to two decimal places, the sum of cost of goods sold plus ending inventory may not exactly equal cost of goods available for sale. purchases purchases purchases sales sales Unit Cost sales balance balance balance Unit TOTAL Units Total Cost DATE UNITS Unit Cost TOTAL UNITS BIVA-A- IE * - O N V S xx. 12pt HTML Editon s E - Paragraph D