Periodic SystemCalculating Ending Inventory and Cost of Sales Using Average Cost The following information is available for Willow Inc.

Date		Units	Unit Cost
Beg. Inventory	January 1	100	$50.00
Purchases:	January 10	75	52.00
	January 15	150	52.50
	January 30	100	55.00

The company maintains a periodic inventory system. A physical inventory count shows 125 units in inventory on January 31. What is (a) ending inventory on January 31, and (b) cost of goods sold for January, using the average-cost method?

Computation of Weighted Average Unit Cost
	Numerator		Denominator		Result
Unit cost	Answer		Answer	=

Note: Use the result EXACTLY as displayed above in the calculations below. Note: Do not use negative signs with any of your answers. Note: Round your final answers to the nearest whole dollar.

	Cost of goods available for sale	Answer
	Ending Inventory	Answer
	Cost of goods sold	Answer

Fill in the answer boxes.