Shareek Company uses the periodic inventory system. The following information is available for the year ended March 31: Sales Beginning inventory Ending inventory Purchases $ 165,000 58,500 42,000 100,000 The cost of goods sold for the period is $ 116,500. $ 158,500. $ 65,000. $ 48,500 A company just starting business made the following three inventory purchases in February: Feb. 1 Feb. 10 Feb. 28 225 units 400 units 100 units $ 1,350 2,800 800 $ 4,950 On Feb 15, there were 300 February 28 is its sold. The company uses a perpetual inventory system. Using the weighted average cost formula, the balance in ending inventory on $ 4,950. $ 3,075. $ 2,958. $ 1,992. Shareek Company uses the periodic inventory system. The following information is available for the year ended March 31: Sales Beginning inventory Ending inventory Purchases $ 165,000 58,500 42,000 100,000 The cost of goods sold for the period is $ 116,500. $ 158,500. $ 65,000. oc $ 48,500. A Moving to another action will save this response