Accounting Department Accounting Pelociples 1 ACCT 301 A Pow) Question 4 count on March 31st revealed that 500 units nt a cat o 31 ench wo Sots ABC" Company is a serchandise company that mithily finantys records of transactions for the month of April are given below! Sales Quantity Selling Price Per Unit 30 Purchase Quantity Cost per Unit 1,500 $5 $6 1.200 $7 700 500 $9 Date Apr 04 Apr-05 Apr-08 Apr-15 Apr-18 800 Date Apr-03 Apr-07 Apr-11 Apr-14 Apr-25 500 1,400 600 1,200 1,100 38 $10 SEY $11 $12 Instructions Based on the above given information answer the following questions (a) (4 Points) Assume the company is using the PERIODIC INVENTORY SYSTEM, then compute the cost of goods sold if the company is using the average method