Given the following:

	Number purchased	Cost per unit			Total
January 1 inventory	40	$	4		$	160
April 1	60		7			420
June 1	50		8			400
November 1	55		9			495
	205				$	1,475

a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 61 units). (Round the "average unit cost" and final answer to the nearest cent.)

Cost of ending inventory $

b. Calculate the cost of goods sold using the weighted-average method. (Round your intermediate calculations and final answer to the nearest cent.)

Cost of goods sold $