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Bordeaux Company has the following information related to purchases and sales of one of its inventory items: Description Units Sold at Retail Units Purchased at Cost 150 units @ $12 = $1,800 200 units @ $12 = $2,400 Date June 1 9 14 22 Beginning Inventory Purchase 1 Sale 1 Purchase 2 29 Sale 2 Assume that Bordeaux uses a periodic inventory system. 250 units @ $14 = $3,500 Feedback Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note: Use four decimal places for per-unit calculations an all other numbers to the nearest dollar.)

Bordeaux Company has the following information related to purchases and sales of one of its inventory items: Assume that Bordeaux uses a periodic inventory system. Required Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note: Use four decimal places for per-unit calculations ar all other numbers to the nearest dollar,) Cost of goods sold Cost of ending inventory Festhack T Check Hy Whan For cost of goods sold and cost of ending inventory using the average cost methed, apply the follewing steps Step 1: Calculale the cost of goods avalable for sale for the period. Step 2 Apply the inventory costing method recognizing that under average cost the cost of poods availabie for male is alocated behween ending imentery and moat of goods wold te on the average cost of the goods avalable for sale (cost of goods available for sale + units avalabie for sale) 2 more Check My Work uses remaining

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