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Bramble Limited uses a perpetual inventory system. The inventory records show the following data for its...

Bramble Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations:

Date Explanation Units Unit Cost Total Cost Balance in Units
Aug. 2 Purchases 262 $67 $17,554 262
3 Purchases 486 105 51,030 748
10 Sales (307 ) 441
15 Purchases 916 114 104,424 1,357
25 Sales (319 ) 1,038

Calculate the cost of goods sold and ending inventory using the average cost method

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