Inventory Costing Methods and the Perpetual Method McKay & Company experienced the following events in March:

Date	Event	Units		Unit Cost	Total Cost
Mar. 1	Purchased inventory	100	@	$25	$2,500
Mar. 3	Sold inventory	60
Mar. 15	Purchased inventory	100	@	$28	$2,800
Mar. 20	Sold inventory	40

Assume the perpetual inventory system is used. Use the weighted-average inventory costing method to calculate the companys cost of goods sold and ending inventory as of March 31.

Round weighted-average cost per unit to two decimal places. Use rounded answer for subsequent calculations. Round all other answers to the nearest dollar.

March 3
Cost of goods sold
March 20
Weighted-average cost per unit
Cost of goods sold
March 31
Total cost of goods sold
Ending inventory