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Q7. Nordstrom uses the weighted-average method to account for its Men's Shirts inventory. Below are the purchases in July: Beginning Inventory 50 shirts at $40

Q7. Nordstrom uses the weighted-average method to account for its Men's Shirts inventory. Below are the purchases in July:

Beginning Inventory 50 shirts at $40 each for a total of $2,000
July 10th purchase 30 shirts at $42 each for a total of $1,260
July 25th purchase 60 shirts at $45 each for a total of $2,700

If Nordstrom sold 16 shirts during July, what would cost of goods sold be for July?

Round ALL calculations to ONE decimal place.

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