X company prepares monthly financial statements and uses the periodic weighted average method. At April 30, 2021, in inventory there were 2,500 units on hand that cost $10.00 per unit.

In addition, the following information from X Company was provided for the month of May, 2021.

Date

Description

Quantity (units)

Unit cost/selling price per unit

05-May

Purchase

2,000

$10.50

11-May

Sale

1,100

$13

16-May

Purchase

2,600

$11

22-May

Sale

2,100

$14.50

30-May

Sale

2,900

$14.50

31-May

Purchase

1,700

$12

Required-

Prepare the journal entries required on May 31, 2021 to record the cost of goods sold. Use four decimal places when calculating unit costs.