Blossom Company uses a perpetual inventory system. The company began 2024 with 1,100 lamps in inventory at a cost of $11 per unit. During 2024, Blossom had the following purchases and sales of lamps:

February 15		Purchased		2,200 units @ $17 per unit
April 24		Sold		2,750 units @ $29 per unit
June 6		Purchased		3,850 units @ $22 per unit
October 18		Sold		2,200 units @ $32 per unit
December 4		Purchased		1,540 units @ $25 per unit

Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5,275.)

		Weighted Average
Cost of goods sold		$enter a dollar amount rounded to 0 decimal places
Ending inventory		$enter a dollar amount rounded to 0 decimal places

Prepare journal entries to record the June 6 purchase and the October 18 sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round the average cost per unit to three decimal places, e.g. 5.275 and final answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
June 6
	(To record purchase on account.)
Oct. 18
	(To record sales on account.)
Oct. 18
	(To record cost of goods sold.)

All purchases and sales are on account.

Calculate gross profit for the year. (Round answer to 0 decimal places, e.g. 5,275.)

Gross profit

enter the gross profit in dollars rounded to 0 decimal places