Date June 1 9 14 22 Description Beginning Inventory Purchase 1 Sale 1 Purchase 2 29 Sale 2 Units Purchased at Cost 150 units @ $14 = = $2,100 200 units @ $12 = $2,400 250 units @ $14 = $3,500 Assume that Bordeaux uses a periodic inventory system. X Units Sold at Retail X 300 units @ $25 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 all other numbers to the nearest dollar.) Cost of goods sold Cost of ending inventory 225 units @ $25

Required: Caiculate 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 all other numbers to the nearest dollar.) Cost of goods sold Cost of ending inventory \begin{tabular}{ll} 5 & x \\ 5 & x \end{tabular}