Paddington Gifts made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory Mar. 7 Purchased July 28 Purchased Oct. 3 Purchased Totals 190 units @$5.50 - $ 1,045 450 units @$5.10 = 2,295 1,000 units @$4.50 = 4,500 750 units @$3.90 = 2,925 2,390 units $10,765 Required: 1. The business uses a periodic inventory system. Ending inventory consists of 120 units. Calculate the costs to be assigned to the ending inventory and to goods sold under: (Round intermediate calculations and final answers to 2 decimal places for "Weighted average cost")