Use the same inventory purchase and sale information from Part I; however, now assume Hamilton uses the periodic system to account for its inventory, and assume Hamilton uses the Average-Cost cost flow assumption.

inventory purchase and sale information from Part I here:

Date	Event	Units	Price
1/3	Purchase Inventory	16	$60/unit
1/6	Purchase Inventory	25	$66/unit
1/9	Sell Inventory	12	$200/unit
1/11	Purchase Inventory	22	$67/unit
1/14	Purchase Inventory	6	$70/unit
1/15	Sell Inventory	30	$220/unit

Assume Hamilton uses the AVERAGE-COST method to value inventory and the Periodic Method is employed.

January Sales Revenue
January Cost of Goods Sold
January Gross Margin (Profit Margin)
1/31 Ending Inventory

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