Ivanhoe Company uses a perpetual inventory system. The company began 2021 with 1,100 lamps in inventory at a cost of $10 per unit. During 2021, Ivanhoe had the following purchases and sales of lamps:

Date Account Titles and Explanation Debit Credit June 6 (To record purchase on account.) Oct. 18 (To record sales on account.) Oct. 18 (To record cost of goods sold.) e Textbook and Media List of Accounts Question Part Score --/10 Calculate gross profit for the year. (Round answer to 0 decimal places, e.g. 5,275.) Gross profit Ivanhoe Company uses a perpetual inventory system. The company began 2021 with 1,100 lamps in inventory at a cost of $10 per unit. During 2021, Ivanhoe had the following purchases and sales of lamps: February 15 Purchased 2,200 units @ $16 per unit April 24 Sold 2,750 units @ $28 per unit June 6 Purchased 3,850 units @ $21 per unit October 18 Sold 2,200 units @ $31 per unit December 4 Purchased 1,540 units @ $24 per unit All purchases and sales are on account. Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to three decimal places, e.g. 5.275 and final answers to decimal places, e.g. 5,275.) Average Cost of goods sold $ Ending inventory $