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 June 1 Beginning Inventory 150 units 512 51,800 Purchase 1 200 units 512 $2.400 Sale 1 300 units @ $25 22 Purchase 2 250 units 514 - $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 calculations and round a other numbers to the nearest dollar) Cost of goods sold Cost of ending Inventory