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Hip Ltd. has the following information regarding its inventory activity for the month of September: Units Total Cost September 1- Beginning inventory.. September 15 -

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Hip Ltd. has the following information regarding its inventory activity for the month of September: Units Total Cost September 1- Beginning inventory.. September 15 - Purchase September 23 - Purchase 450 250 300 Unit Cost $10 $13 $15 $ $ $ 4,500 3,250 4,500 On September 19, the company sold 400 units on account at a selling price of $25 per unit. On September 30, a physical count of inventory showed 600 units on hand. There was no theft or breakage of any inventory during September Required: Assuming Hip Ltd. uses a Periodic Inventory System, calculate the (i) cost of ending inventory at September 30, and (ii) the Cost of Goods Sold for September by applying a Weighted Average cost formula. Note: Show all calculations. Round all calculated amounts to 2 decimals (if applicable). Please make sure you clearly label your

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