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Larkspur Company uses a perpetual inventory system. Beginning inventory is 3,800 T-shirts at a cost $2.50 per shirt. During the year Larkspur had the following

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Larkspur Company uses a perpetual inventory system. Beginning inventory is 3,800 T-shirts at a cost $2.50 per shirt. During the year Larkspur had the following inventory transactions: All purchases and sales are on account. (a) Your answer is incorrect. Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.)

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