Beginning inventory, purchases, and sales for Item XJ-56 are as follows: May 1      Beginning inventory 90 units @ $36 each May 6      Sold 75 units @ $50 each May 15    Purchased 125 units @ $38 each May 24    Sold 80 units @ $51 each What is the cost of goods sold for May using a weighted average inventory costing method in a perpetual inventory system?  Please round all answers to two decimal places. Please show calculations to receive credit.

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