Groves Company Inc. had a beginning inventory of131units of Product MLN at a cost of $10per unit. During the year, purchases were:

Feb. 20	783	units at	$12	Aug. 12	522	units at	$14
May 5	653	units at	$13	Dec. 8	131	units at	$16

Groves Company uses a periodic inventory system. Sales totaled1,959units.

(a)(a)Determine the cost of goods available for sale.

The cost of goods available for sale

$

(b)Calculate Average Cost.(Round answer to 3 decimal places, e.g. 5.125.)

Average Cost

$