$($Appendix $6$B$)$ Inventory Costing Methods: Periodic Average Cost

Bordeaux Company has the following information related to purchases and sales of one of its inventory items:

Date Description Units Purchased at Cost Units Sold at Retail

June $1$ Beginning Inventory $150$ units @ $$13=$ $$1,950$

$9$ Purchase $1200$ units @ $$12=$ $$2,400$

$14$ Sale $1300$ units @ $$25$

$22$ Purchase $2250$ units @ $$14=$ $$3,500$

$29$ Sale $2225$ units @ $$25$

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.$)$

Cost of goods sold $fill in the blank $1$

Cost of ending inventory