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Pina Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit Cost

Pina Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations:

Date Explanation Units Unit Cost Total Cost Balance in Units
Aug. 2 Purchases 243 $69 $16,767 243
3 Purchases 485 96 46,560 728
10 Sales (323 ) 405
15 Purchases 935 120 112,200 1,340
25 Sales (334 ) 1,006

Calculate the cost of goods sold and ending inventory using the average cost method. (Round average cost per unit to 2 decimal places, e.g. 1.25. Round intermediate and final answers to 0 decimal places, e.g. 5,125.)

Cost of goods sold $enter the cost of goods sold in dollars
Ending inventory

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