Shellhammer Company's inventory records show the following data for the month of September: 
A physical inventory on September 30 shows 200 units on hand.Calculate the value of the ending inventory and cost of goods sold if the company uses weighted-average inventory costing and a periodic inventory system.Round cost per unit to 2 decimal places and ending inventory and cost of goods sold to the nearest dollar.
Definitions:
Significance Level
A threshold in hypothesis testing that determines the probability of rejecting a true null hypothesis, usually denoted as alpha (α).
Chi-squared Test
An analytical tool designed to assess if the observed frequencies differ significantly from those that were expected in one or more categories.
Normal Distribution
The distribution exhibits a symmetrical pattern centered on the mean, demonstrating the more common appearance of close-to-mean data than those at a distance.
Degrees Of Freedom
The number of values in a study that are free to vary when statistics, like variance, are being calculated, influencing the shape of various distributions.
Q1: All reconciling items in determining the adjusted
Q8: A note receivable is a negotiable instrument
Q23: The balance in the supplies account on
Q43: Bank errors<br>A)occur because of time lags.<br>B)must be
Q47: When goods are returned that relate to
Q76: In the first month of operations, Mordica
Q90: A post-closing trial balance will show<br>A)only permanent
Q90: If beginning inventory is understated by $13,000,
Q113: Many business transactions affect more than one
Q152: Prepaid expenses are<br>A)paid and recorded in an