The following information is available for Yancey Company: 
Assume that Yancey uses a periodic inventory system and that there are 700 units left at the end of the month.
Instructions
Compute each of the following under the average-cost method:
(a) Cost of ending inventory.
(b) Cost of goods sold.
Definitions:
Heart Failure
A chronic condition where the heart is unable to pump sufficient blood to meet the body's needs for blood and oxygen.
Functional Class
A system of categorizing a patient's level of heart failure, based on their symptoms and ability to perform daily activities.
Persistent Symptoms
Continued signs or indications of a disease or condition that withstand standard treatments over an extended period.
Atrial Flutter
A type of abnormal heart rhythm that involves the atria, the upper chambers of the heart, beating at a fast and regular rate.
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