Sage Hill Company uses a perpetual inventory system. Beginning inventory is 3,000 T-shirts at a cost $2.50 per shirt. During the year Sage Hill had the following inventory transactions:

Jan.	12		Purchased		600 cost @ 2.15 per unit
Feb.	18		Sold		1,600 cost @ 6.50 per unit
Jul.	1		Purchased		1,500 cost @ 2.65 per unit
Aug.	29		Sold		1,700 cost @ 7.50 per unit
Dec.	19		Purchased		600 cost @ 3.05 per unit

Calculate the cost of goods sold and ending inventory using weighted average. (Round cost per unit to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 5,125.)

Cost of goods sold		$
Ending inventory		$