Calculate the cost of goods sold and the cost of the ending inventory using the weighted average cost flow assumption. Assume periodic record keeping.

Sale	99units at $15 per unit
Beginning inventory	88 units at $6 per unit
Purchases	63 units at $14 per unit

Find the cost of goods sold using the weighted average cost periodic method. (Round the weighted average cost per unit to the nearest cent. Round the cost of goods sold to the nearest dollar.)

		x		=	Cost of goods sold
		x		=

Calculate the ending inventory using the weighted average cost periodic method. (Round the weighted average cost per unit to the nearest cent. Round the cost of ending inventory to the nearest dollar.)

		x		=	Cost of ending inventory
		x		=