Question: Average cost and Perputual. Highlight answer please Shown below is the activity for one of the products of Random Creations: January 1 balance, 80 units

Average cost and Perputual. Highlight answer please
Average cost and Perputual. Highlight answer please Shown below is the activity

Shown below is the activity for one of the products of Random Creations: January 1 balance, 80 units @ $50 $4,000 Purchases: January 18: 40 units @ $51 January 28: 40 units S52 Sales: January 12: 30 units January 22: 30 units January 31: 45 units Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Random Creations uses average cost and a perpetual inventory system (Do not round intermediate calculations Round your final answers to nearest whole dollar amount.) Ending inventory Cost of goods sold $ $ 5,275 2,845

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