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During 2018, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2018: Date Transaction Number of Units Unit

During 2018, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2018:

Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 15 $ 55 $ 825
Sep. 8 Purchase 10 105 1,050
25 $ 1,875

Calculate ending inventory and cost of goods sold for 2018 assuming the company uses weighted-average cost with a periodic inventory system.(Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.)

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