$6\mathrm{.}2$ Inventory Methods and Financial Effects: Cost Flow Methods $($Average$-$Cost$)-$ Do It$!$

Dolt!

The accounting records of Blossom Ag$.$ Implements shows the following data.

Determine the cost of goods sold during the period under a periodic system using average$-$cost$.($Round weighted$-$average unit cost

to $2$ decimal places and final answers to $0$ decimal places.$)$

Step $1$

Ending Inventory

Step $2$

Cost of Goods Sold

Cost of goods available for sale

Less: Ending inventory

Cost of goods sold