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(Appendix 6B) Inventory Costing Methods: Periodic Average Cost Bordeaux Company has the following information...

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Accounting

(Appendix 6B) Inventory Costing Methods: Periodic Average Cost Bordeaux Company has the following information related to purchases and sales of one of its inventory items: Description Units Sold at Retail Units Purchased at Cost 150 units @ $13= $1,950 200 units @ $12 = $2,400 Date June 1 9 14 22 Beginning Inventory Purchase 1 Sale 1 Purchase 2 Cost of goods sold Cost of ending inventory 250 units @ $14 = $3,500 29 Sale 2 Assume that Bordeaux uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.) $ $ 300 units @ $25 225 units @ $25
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(Appendib 6B ) Inventory Costing Methods: Periodic Averoge Cost Bordeaux Company has the following information related to purchsses and sales of one of its inventory items: Assume that Bordeaux uses a periodic inventory system. Required: Calculate the cost of goods sold snd the cost of ending inventory using the average cost method. (Note: Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.) Cost of goods sold Cost of ending inventory

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