Pi-Rate Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are identical (homogenous). Calculate the value of inventory after each transaction.

Do not enter dollar signs or commas in the input boxes.

Round all answers to 2 decimal places. Round all unit costs to 2 decimal places as well.

Date	Purchases		Sales		Balance
	Quantity	Cost	Quantity	Cost	Quantity	Cost	Value
Jan 16					100	$16.00	$Answer
Feb 23	38	$17.00			138	$16.28	$Answer
Mar 16	11	$19.00			149	$16.48	$Answer
Apr 6			30	$16.48	119	$16.48	$Answer
Jul 15	11	$21.00			130	$16.86	$Answer
Sep 15			14	$16.86	116	$16.86	$Answer
Nov 29			20	$16.86	96	$16.86	$Answer

Required

The company uses the weighted-average cost method for inventory valuation under the perpetual inventory system. Calculate the cost of goods sold.

Cost of Goods Sold = $Answer