Simplex Company has a fiscal year-end on December 31. The company has only one product in inventory, and all units of that product are identical (homogenous). Complete the following schedule to calculate the value of ending inventory using the weighted-average cost method under the perpetual inventory system. Then calculate the cost of goods sold for the year 2018. Calculate unit cost to two decimal places. Round all value amounts to the nearest dollar.

Date	Purchases			Sales			Balance
	Quantity	Unit Cost	value	Quantity	Unit Cost	value	Quantity	unit Cost	value
Jan 1							15	$10.00	$150
Feb 13	25	$12
Mar 26	16	$13
Apr 17				40
Jul 25	34	$14
Sep 28				14
Nov 3				11
ending Inventory

Cost of goods sold: