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In: AccountingTama Inc. uses a perpetual inventory system and had thefollowing activity for a single inventory...Tama Inc. uses a perpetual inventory system and had thefollowing activity for a single inventory item: Units Unit Cost Total Cost May 1,inventory 140 $2.50 $350 Purchases: May5 200 3.50 700 May10 140 4.50 630 May15 160 5.50 880 Sales: May11 250 May19 150Using the perpetual system, determine the ending inventory andcost of goods sold under weighted-average method (round unit costto nearest cent)