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During 2021, a company sells 490 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021: Date Transaction Number

During 2021, a company sells 490 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021:

Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 71 $ 76 $ 5,396
May 5 Purchase 261 77 20,097
Nov. 3 Purchase 182 79 14,378
514 $ 39,871

Calculate cost of goods sold and ending inventory 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.)

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