You are given the following information about Silk Company's inventory for the month of April.

Purchase			Sales
Date	Units	Cost per unit $	Date	Units
April 1	400	4.00	April 2	300
April 10	1,300	4.10	April 11	1,000
April 25	1,200	4.50	April 29	1,400
April 27	600	4.75

Instruction: Silk uses weighted average perpetual. (a). Calculate the cost of ending inventory and cost of goods sold. (Note: Round the weighted average cost per unit to two decimal places.). Show all relevant calculations.

(b). Show the journal entries for the sale on 29 April if the sales price per unit is $7.5. The sales was for cash.