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Calculator June 1 9 14 Sale 1 Cornerstone Exercise 6-32 (Algorithmic) Inventory Costing Methods: Periodic Average Cost (Appendix 68) Bordeaux Company has the following information

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Calculator June 1 9 14 Sale 1 Cornerstone Exercise 6-32 (Algorithmic) Inventory Costing Methods: Periodic Average Cost (Appendix 68) Bordeaux Company has the following information related to purchases and sales of one of its inventory Items: Date Description Units Purchased at Cost Units Sold at Retail Beginning Inventory 150 units @ $11 - $1,650 Purchase 1 200 units @ $12 = $2,400 300 units $25 22 Purchase 2 250 units @ $14 = $3,500 29 Sale 2 225 units @ $25 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 calcula round all other numbers to the nearest dollar.) Cost of goods sold 6,500 x Cost of ending inventory 1,050 x Feedback Check My Work 5783 OCT 20 SA A 15 W 0 x

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