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The Silver Company sold 50 units @ $300 each on November 30, Year 2. The following information is also available: Beginning inventory 10 units @

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The Silver Company sold 50 units @ $300 each on November 30, Year 2. The following information is also available: Beginning inventory 10 units @ $160 February 2 purchase 20 units @ $180 November 8 purchase 40 units @ $220 Answer the following questions by entering your answer in the space provided: 1. Using the Weighted Average method, calculate cost of goods sold (Sample Answer Format: $2,000) 2. Using the Weighted Average method, calculate the cost of ending inventory (Sample Answer Format: $2,000)

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