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Triplex Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are

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Triplex 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). The opening balance unit price is $16 per unit. 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 2021. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Value $ Jan 7 100 || 1600 Feb 11 38 $17.00 1382246 Mar 6 21 $19.00 1592645 $ 127 2112.52 Apr 20 32 $16.64 Jul 11 18 $21.00 145 2490.52 $ 116|1992.3 Sep 7 29 $17.18 Nov 27 18 $17.18 981683.06 Required Calculate the cost of goods sold. Cost of Goods Sold = 1339.58 X Check

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