Date Cornerstone Exercise 6-24 (Algorithmic) Inventory Costing: Average Cost Bordeaux Company has the following information related to purchases and sales of one of its inventory Items: Description Units Purchased at Cost Units Sold at Retail June 1 Beginning inventory 150 units @ $10 = $1,500 9 Purchase 200 units @ $12 = $2,400 300 units $25 22 Purchase 2 250 units @ $14 = $3,500 29 Sale 2 227 units $25 14 Sale 1 Assume that Bordeaux uses a perpetual inventory system Required: Calculate the cost of goods sold and the cost of ending Inventory using the average cost method. (Note: Round per-unit calculations and final answers to two decima places.) Cost of goods sold Cost of ending inventory