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IMG_0423.HEIC v A Q Search Chapter 6 Homework Cornerstone Exercise 6-30 (Algorithmic) Inventory Costing Methods: Periodic FIFO (Appendix 6B) 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 1 200 units @ $12 = $2,400 14 Sale 1 300 units @ $25 22 Purchase 2 250 units @ $15 = $3,750 Sale 225 units @ $25 Assume that Bordeaux uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing method. Cost of goods sold Cost of ending inventory X Previous Check My Work 3 more Check My Work uses remaining your Email Instructor Save and Exit Submit Assignment for Grading will expire O) Assignment Score: 70.21% 201 2 W MacBook Air DD DII DO F12 F8 F9 F10 F11 F5 F6 F7 20 8