(a) cost of ending inventory

(b) costs of goods sold

The following information is avaltable for Yancey Company: Assume that Yancey uses a periodic inventory system and that there are 700 units left at the end of the month. Instructions Compute each of the following under the average-cost method: (a) Cost of ending inventory. (10 points) (b) Cost of goods sold. (10 points) The following information is avaltable for Yancey Company: Assume that Yancey uses a periodic inventory system and that there are 700 units left at the end of the month. Instructions Compute each of the following under the average-cost method: (a) Cost of ending inventory. (10 points) (b) Cost of goods sold. (10 points)