Seminole Company began year 2015 with 26,000 units of product in its January 1 inventory costing $16.20 each. It made successive purchases of its product in year 2015 as follows. The company uses a periodic inventory system. On December 31, 2015, a physical count reveals that 47,000 units of its product remain in inventory. Mar. 7 40,000 units @ $19.20 each May 25 42,000 units @ $23.20 each Aug. 1 32,000 units @ $25.20 each Nov. 10 39,000 units @ $28.20 each

Compute the amounts assigned to the 2015 ending inventory and the cost of goods sold. (Do not round your intermediate calculations. Round weighted average cost per unit to two decimals.)

1. Compute the amounts assigned to the 2013 ending inventory and the cost of goods sold

FIFO Periodic

Total Costs of units available for sale 4069800

less ending inventory on a FIFO basis ( I put 1906200)

Cost of Units sold = 2163600

To get the 1906200 I caluculate 39,000 x 28.20= 1099800

32,000 x 25.20= 806400

Total 2163600 (This is incorrect and Im not sure why)