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During 2018, a company sells 490 units of inventory for $87 each. The company has the following inventory purchase transactions for 2018: Date Transaction Number

During 2018, a company sells 490 units of inventory for $87 each. The company has the following inventory purchase transactions for 2018:

Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 71 $ 80 $ 5,680
May 5 Purchase 261 81 21,141
Nov. 3 Purchase 188 83 15,604
520 $ 42,425

Calculate cost of goods sold and ending inventory for 2018 assuming the company uses weighted-average cost with a periodic inventory system.

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