Question: Company G uses the weighted-average method for inventory valuation. At the beginning of January, the company has 1,000 units of inventory at $10 per unit.

Company G uses the weighted-average method for inventory valuation. At the beginning of January, the company has 1,000 units of inventory at $10 per unit. During January, the company purchases 2,000 units at $12 per unit and sells 2,500 units at $20 per unit.

Calculate the cost of goods sold and ending inventory for January.

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