Q No. 04: BELOFY Company uses a periodic inventory system. The company records show purchases and sales of several time. Determining the cost of ending inventory by using Average Cost Method. (18) Date Feb 23 April 20 April 25 April 30 Units Per Unit Cost Purchase Purchase 1200 $10 Total Cost 12,000 200 $11 2,200 Sold 700 Purchases 700 $10 7,000 May 05 May 10 Purchases 100 $11 1100 Sold 50