Question: Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the average-cost method under the periodic inventory

Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the average-cost method under the periodic inventory system. (Round final answer to the nearest dollar.)
In SE2, Assume the following data with regard to inventory for VeganCompany:

Aug. 1 Inventory 40 units@ $10 per unit 400 8 Purchase 50 units@ $11 per unit550 22 Purchase 35nitse $12 per unit420 $1,370 Goods available for sale Aug. 15 Sale 125 units 45 units 25 units 55 units 28 Sale Inventory, Aug. 31

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