(Appendix 6B) Inventory Costing Methods: Periodic Average Cost Bordeaux Company has the following information related to purchases and sales of one of its inventory items: Description Units Purchased at Cost Units Sold at Retail 150 units @ $13 = $1,950 200 units @ $12 = $2,400 Date June 1 Beginning Inventory 9 Purchase 1 Sale 1 Purchase 2 Sale 2 Assume that Bordeaux uses a periodic inventory system. 14 22 29 250 units @ $14 $ = $3,500 300 units @ $25 225 units @ $25 Required:

(Appendix 6B) Inventory Costing Methods: Periodic Average Cost 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-u all other numbers to the nearest dollar.)