Precision Company uses the perpetual inventory method. It has provided the following inventory information for the month of May 2014: May 1 On hand, 20 units @ $25.00 each May 8 Purchased 100 units @...

Precision Company uses the perpetual inventory method. It has provided the following inventory information for the month of May 2014:

May 1 On hand, 20 units @ $25.00 each

May 8 Purchased 100 units @ $34.60 each

May 15 Sold 90 units @ $120.00 each

May 24 Purchased 75 units @ $40.00 each

May 29 Sold 65 units @ $130.00 each

Determine Precision Company’s Cost of Ending Inventory for May 2014 using Weighted Average method.

answer is :1520 explain how to get to this number