(Appendix 68) Inventory Costing Methods: Periodic Average Cost Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Noce: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.) Cost of goods sold Cost of ending inventory i x Feeseach T Check Mr work For cost of goods sold and cost of endeng inventory using the average cost method. apply the following siept: Slep 1: Calcilate the cost of goods avallable for sale for the period. Step 2. Apply the inventiory costing method recognizng that uncer average cost the cost of goods avalable for sait is thocated between ending inveriory and cont of goods soid hased on the avatage cost of the goods avalabla for sale (cost of poods mralatie for we + unts araiable for sait)