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Drago Company has a fiscal year end on December 3 1 . The company has only one product in inventory, and all units of that

Drago Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are identical (homogenous). The opening balance unit price is $11 per unit. Complete the following schedule to calculate the value of ending inventory using the weighted-average cost method under the perpetual inventory system. Then calculate the cost of goods sold for the year 2021.
Do not enter dollar signs or commas in the input boxes.
Round all answers to 2 decimal places.
Date Purchases Sales Balance
Quantity Cost Quantity Cost Quantity Value
Jan 12100 $Answer
Feb 2010 $12.00110 $Answer
Mar 2813 $14.00123 $Answer
Apr 1610 $11.40113 $Answer
Jul 2431 $16.00144 $Answer
Sep 2910 $12.39134 $Answer
Nov 714 $12.39120 $Answer
Required
Calculate the cost of goods sold.
Cost of Goods Sold = $Answer

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