Inventory Costing Methods and the Perpetual Method Kay & Company experienced the following events in March: Date Event Units   Unit Cost Total Cost Mar. 1 Purchased inventory 100 @ $16 $1,600 Mar. 3 Sold inventory 60       Mar. 15 Purchased inventory 100 @ 18 $1,800 Mar. 20 Sold inventory 40       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 weighted-average cost per unit to two decimal places.  Use rounded answer for subsequent calculations. Round all other answers to the nearest dollar.   March 3 Cost of goods sold Answer   March 20 Weighted-average cost per unit Answer   Cost of goods sold Answer   March 31 Total cost of goods sold Answer   Ending inventory Answer

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