Refer to the information in SE6-11 and assume the perpetual inventory system is used. Use the weighted-average inventory costing method to calculate the company's cost of goods sold and ending inventory as of March 31. Round your final answers to the nearest dollar.

Exercise SE6-11

Kay & Company experienced the following events in March:

If Kay & Company uses the weighted-average cost method, calculate the company's cost of goods sold and ending inventory as of March 31 assuming the periodic method.

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Date Mar. 1 Purchased inventory.. Mar. 3 Mar. 15 Sold inventory.... Purchased inventory. Mar. 20 Sold inventory... Event Units Unit Cost Total Cost 100 $16 $1,600 60 100 $18 $1,800 40