Appendix B Inventory Costing Methods: Periodic Average Cost
Bordeaux Company has the following information related to purchases and sales of one of its inventory items:
tableDateDescription,Units Purchased at Cost,Units Sold at RetailJune Beginning Inventory, units @ $ $Purchase units @ $$Sale units @ $Purchase units @ $$Sale units @ $
Assume that Bordeaux uses a periodic inventory system.
Required:
Cost of goods sold
$
Cost of ending inventory
$
