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Inventory Costing: Average Cost Bordeaux Company has the following information related to purchases and sales of one of its inventory items: Date Description Units Purchased

Inventory Costing: Average Cost
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 @ $10= $1,500
9 Purchase 1200 units @ $12= $2,400
14 Sale 1300 units @ $25
22 Purchase 2250 units @ $14= $3,500
29 Sale 2215 units @ $25
Assume that Bordeaux uses a perpetual inventory system.
Required:
Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note: Round per-unit calculations to 4 decimal places and al other numbers to the nearest dollar.)
Cost of goods sold $fill in the blank 1
Cost of ending inventory $fill in the blank 2

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