Q1. Kitty company uses the periodic inventory system. The companys beginning inventory and inventory purchases during Dec 2021 were as below: 60 marks

Dec 01: Beginning inventory, 85 units @ $4 per unit.

Dec 9: Inventory purchased, 192 units @ $5 per unit.

Dec 22: Inventory purchased, 160 units @ $7 per unit.

During Dec, Kitty company sold 268 units.

Calculate cost of goods sold and ending inventory for Dec 2021 using the Weighted Average cost method only.