(Appendix 68) 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 @ $15-$2,250 9 Purchase 1 200 units @$12-$2,400 14 Sale 1 300 units $25 22 Purchase 2 250 units $14-$3,500 225 units @ $25 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.) Cost of goods sold 24,631 X Cost of ending inventory 3,519 X