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Paddington Gifts made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory 2 6 0 units @ $ 6

Paddington Gifts made purchases of a particular product in the current year as follows:
Jan. 1 Beginning inventory 260 units @ $ 6.20= $ 1,612
Mar. 7 Purchased 520 units @ $ 5.80=3,016
July 28 Purchased 1,200 units @ $ 5.20=6,240
Oct. 3 Purchased 880 units @ $ 4.60=4,048
Totals 2,860 units $ 14,916
Required:
1. The business uses a periodic inventory system. Ending inventory consists of 110 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".)

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