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Rodeo Company uses a periodic inventory system and had the following opening inventory and purchases during the month of June 2010: Opening inventory 500 units

Rodeo Company uses a periodic inventory system and had the following opening inventory and purchases during the month of June 2010:

Opening inventory 500 units @ $4.50/unit

June 6 800 units @ $4.40/unit

June 23 1,000 units @ $4.30/unit

Sales were made during the month as follows:

June 10 700 units @ $6.00 unit

June 26 900 units @ $6.00 unit

Calculate Rodeo's ending inventory at June 30, 2010 and its cost of goods sold for the month ended June 30, 2010, assuming Rodeo uses the weighted-average method of inventory costing for its period inventory system.

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