Method 2 : AVERAGE COST > WEIGHTED - AVERAGE FACTS Description Units Price / Unit Total Price June 1 Beginning Inventory* 10 ES $30 June 2 Purchase 30 $4 $120 June 10 Purchase 40 $6 $240 June 12 Sale 60 $20 $1 , 200 June 17 Purchase 70 $7 $490 June 21 Purchase 50 $10 $500 June 29 Sale 80 $22 $1, 760 The company uses the PERIODIC method to account for inventory* *Find Ending Inventory and Cost of Good Sold Under the Average Cost Method* Round the weighted- average cost / ur U/unit to nearest penny . Ending Inventory* Cost of Goods Sold