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During Year 2, a company sells 450 units of inventory for $90 each. The company has the following inventory purchase transactions for Year 2: Number of Date Transaction Units Unit Cost Total Cost January 1 Beginning inventory 76 $70 $5, 320 May 5 Purchase 265 71 18, 815 November 3 Purchase 185 13 , 505 526 $37, 640 Required: Assuming the company uses the weighted-average cost method, calculate the following for Year 1. Ending inventory 2. Cost of goods sold Note: Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount. Ending inventory Cost of goods sold