Question 14 (3 points) Metlock uses a periodic inventory system. In February, 500 units were sold and the following additional information is available: Date Type Units Unit Cost Total Cost Beginning Feb 1 300 $15.00 $4,500 Inventory Feb 17 Purchase 350 $17.00 $5,950 Feb 27 Purchase 200 $21.00 $4,200 TOTAL 850 $14,650 Required: Calculate the cost of goods sold and the ending inventory using the weighted average method. You must show all of your calculations to receive full marks. (Round the weighted average cost per unit to two decimal places, such as: $XX.XX per unit) Format BI U Cost of Goods Sold (Weighted Average): Previous Page Next Page Page 7