QUESTION 1 (8 marks) The Surfboarding Company provided the following information for one of its top-selling surfboards Date Item Nov 1 Beginning inventory 26 Total $ Total $ Units per unit per unit $197 $5,122 5 Sale (12) 300 12 Purchase 65 210 16 Sale (50) 305 19 Purchase 38 215 22 Sale (62) 310 26 Purchase 40 216 ::: Required: I Calculate the ending inventory $ value using a weighted average assuming a periodic inventory system. Use 3 deamals to calculate average per unit Round ending inventory to nearest dollar