Riverbed Inc. is a retailer using the periodic inventory system. All sales returns from customers result in the goods being returned to inventory. (Assume that the inventory is not damaged.) Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Riverbed Inc. for the month of January. Date Description Quantity Unit Cost or Selling Price Dec. 31 Beginning inventory 160 Jan. 2 Purchase 100 Jan. 6 Sale 180 Jan. 9 Sale return 10 Jan. 9 Purchase 75 Jan. 10 Purchase return 15 Jan. 10 Sale 50 Jan. 23 Purchase 100 Jan. 30 Sale 120 222222 20 23 41 41 24 24 45 26 50 (b) Calculate (i) cost of goods sold and (ii) ending inventory using Average. (Round average cost to 3 decimal places, eg. 5.252 and round final answers to 2 decimal places, eg 5.25.) (i) Cost of goods sold (ii) Ending inventory eTextbook and Media Save for Later Attempts: 0 of 15 used Submit Answer A