Weighted Average Costing Method: #items purchased Unit Date (sold) Cost Beginning 5 items in $2.50 inventory beginning inventory 1/5 + 8 items $3.00 purchased 1/10 +9 items $3.60 purchased 1/20 + 10 items $3.75 purchased 1/25 - 23 items sold Ending 9 items in Inventory ending at 1/31 inventory 1) Calculate the Cost of Goods Available for Sale: S 2) Calculate Cost of Goods Sold using Weighted Average: 3) Calculate Ending Inventory using Weighted Average: 4) Would COGS and El be different if sales were made during the month