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You are given the following information for Crane Company for the month ended November 30, 2021: Date Description Units Unit Price Nov. 1 Beginning inventory

You are given the following information for Crane Company for the month ended November 30, 2021:

Date Description Units Unit Price
Nov. 1 Beginning inventory 62 $50
9 Purchase 100 45
15 Sale (115 )
22 Purchase 155 42
29 Sale (150 )
30 Purchase 41 40

Crane Company uses a perpetual inventory system. All sales and purchases are on account.

(a)

Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, e.g. 5,275.75.)

Cost of goods sold $ ???
Ending inventory $ ???

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