During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021: Total Date Number of Units 20 10 Transaction Jan. 1 Beginning inventory Sep.8 Purchase Unit Cost $55 24 Cost $1,100 240 $1,340 30 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending inventory Cost of goods sold Inventory records for Fit Bit revealed the following: Date Transaction Mar. 1 Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase Number of Units 980 570 470 540 Unit Cost $7.12 7.62 8.22 8.92 Fit Bit sold 1,890 units of Inventory during the month. Calculate ending Inventory based on FIFO: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $5,885. $1,409 $3,416. $6.978