Cornerstone Exercise 6-24 (Algorithmic) Inventory Costing: Average Cost 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 June 1 Beginning Inventory 150 units o $10 - $1,500 9 Purchase 1 200 units @ $12 - $2,400 14 Sale 1 300 units $25 22 Purchase 2 250 units $14 - $3,500 29 Sale 2 235 units @ $25 Assume that Bordeaux uses a perpetual inventory system Required: Calculate the cost of goods sold and the cost of ending Inventory using the average cost method. (Note: Round per-unit calculations and final answers to two decimal places.) Cost of goods sold $ 6,520.98 X Cost of ending inventory 1,095.00 X