Vaughn uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $14 each. During the month, the company made two purchases: 3000 units at $15 each and 12200 units at $15.50 each. Vaughn also sold 12900 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month?

$199600.

$187500.

$193500.

$192855.

Carla Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.

		Units		Unit Cost		Total Cost
April 1 inventory		230		$26			$ 5,980
April 15 purchase		360		31			11,160
April 23 purchase		410		34			13,940
		1,000					$31,080

Compute the April 30 inventory and the April cost of goods sold using the FIFO method.

Ending inventory		$
Cost of goods sold		$

Vaughn Manufacturing uses the periodic inventory system. For the current month, the beginning inventory consisted of 400 units that cost $63 each. During the month, the company made two purchases: 700 units at $66 each and 600 units at $68 each. Vaughn Manufacturing also sold 1110 units during the month. Using the average cost method, what is the amount of ending inventory?

$72080.

$73260.

$40120.

$38940.