Morris Company had the following inventory information for the year ending December 31:

UnitsUnit CostTotalBeginning Inventory35

$

3

$

105

Purchases: March 330

9

270

June 1545

11

495

September 2840

12

480

Cost of Goods Available for Sale 150

$

1,350

On December 31, Morris Company had an ending inventory of 65 units. They use a periodic inventory system to compute the cost of ending inventory.

Required:

Using weighted average:

(a)Compute the cost of ending inventory

(b)Compute the cost of goods sold

Cost of ending inventory:$

Cost of goods sold:$