Nike, Inc. provides the following details for the quarter ending March 31, 2024:

Item	Amount ($)
Beginning Inventory (Mar 1)	2 billion
Purchases	3.5 billion
Sales	4.2 billion
Ending Inventory (Mar 31)	? billion

Required:

• Calculate the cost of goods sold for Nike, Inc. for the quarter.
• Determine the ending inventory value using the weighted average method.
• Prepare a schedule of cost of goods manufactured (if additional information on manufacturing costs is provided).