Given the following information about Hatch Company's purchases and sales of inventory during the month, find the dollar value of the Cost of Goods Sold and the dollar value of the Ending Inventory using the Weighted Average method. Clearly label your answers to receive credit. Units Cost per unit Total Cost Beginning balance on May 1 700 $10.00 Purchase, May 5 800- $12.00 500 $13.00 500 $13.20 Purchase, May 10 Purchase, May 15 Total 2,500 Number of units sold during the period is 1,600 $7,000 $9,600 $6,500 $6,600 $29.700