Forever Trading uses a perpetual inventory system. It reports the following information for its product X for the month of August.

Date	Transaction	Unit Purchased (Sold)	Unit Cost	Inventory Unit
Aug-01	Beginning Inventory	50	$ 100.00	50
Aug-10	Purchase	80	$ 110.00	130
Aug-20	Sales	-40	$ 200.00	90
Aug-24	Sales	-80	$ 220.00	10
Aug-30	Purchase	100	$ 115.00	110

Required: Present the cost assigned to ending inventory and to the cost of goods sold using: Weighted average cost.

Workings must show the inventory movements and balance for each transaction. Round per unit cost to three decimal points and total cost to the nearest $ for the weighted average method.