Information about the Maxwell Companys inventory of one item during 2022 is given below.

UnitsUnit CostBeginning Inventory, Jan. 1, 2022 150 $31 Purchases: March, 2022 100 31 July, 2022 100 27 November 2022 150 26 Ending Inventory, Dec. 31, 2022 75

Required: Assuming that Maxwell uses a periodic system, compute the cost of the ending inventory and cost of goods sold using average cost method.

Show all of your work in the worksheet space provided. Round your answers to 2 decimal places.

Ifformation about the Maxwell Company's inventory of one item during 2022 is given below Required: Assuming that Maxwell uses a periodic system, compute the cost of the ending inventory and cost of goods sold using average cost method. Show all of your work in the worksheet space provided. Round your answers to 2 decimal places