Question: ( Appendix 6 B ) Inventory Costing Methods: Periodic Average Cost Bordeaux Company has the following information related to purchases and sales of one of
Appendix B Inventory Costing Methods: Periodic Average Cost
Bordeaux Company has the following information related to purchases and sales of one of its inventory items:
tableDateDescription,Units Purchased at Cost,Units Sold at RetailJune Beginning Inventory, units @ $ $Purchase units @ $$Sale units @ $Purchase units @ $$Sale units @ $
Assume that Bordeaux uses a periodic inventory system.
Required:
Cost of goods sold
$
Cost of ending inventory
$
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