Current Attempt in Progress Kingbird Company uses a perpetual inventory system. Beginning inventory is 4.800 T-shirts at a cost $2.50 per shirt. During the yea Kingbird had the following inventory transactions: All purchases and sales are on account. (a) Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, eg. 5.275.).

1. Current Attempt in Progress Kingbird Company uses a perpetual inventory system. Beginning
inventory is 4.800 T-shirts at a cost $2.50 per shirt. During the yea Kingbird had the following
inventory transactions: All purchases and sales are on account. (a) Calculate the cost of goods
sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2
decimal places, eg. 15.25 and final answers to 0 decimal places, eg. 5.275.)