II. Mikasa Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. February 1 February 12 February 18 February 25 Inventory Purchase Purchase Purchase Units 200 250 400 350 1,200 Unit Cost $10 12 13 14 Total Cost Compute the February 28 inventory and the cost of goods sold using the average-cost method.

II. Mikasa Company uses a periodic inventory system. For April, when the company sold 500 units, the following information is available. Units Unit Cost February 1 Inventory 200 $10 February 12 Purchase 250 12 February 18 Purchase 400 13 February 25 Purchase 350 14 1,200 Total Cost Compute the February 28 inventory and the cost of goods sold using the average-cost method.