Question #5 - (Chapter Six) Gabi's Boutique Company uses a perpetual inventory system. Beginning Inventory is 2,500 T-shirts at a cost $2.50 per shirt. During the year Gabi's Boutique purchased the following shirts: Jan 12 Purchased 500 units @ $2.15 per unit Feb 18 Sold 1.350 unitse $6.50 per unit Jul 1 Purchased 1.000 units @ $265 per unit Aug 29 Sold 1475 units @ $7.50 per unit Dec 19 Purchased 500 units @ $3.05 per unit All purchases and sales are on account. Instructions Calculate the cost of goods sold and ending inventory using weighted average. e units Cost Total units Cost Total Units Cose Total Jan 1 Feb 18 a) Ending Inventory b) Cost of Goods Sold