The following information is available for Massey Company: 
Assume that Massey 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:
Cephalocaudal Development
The developmental principle that growth follows a pattern that begins with the head and upper body parts and then proceeds down to the rest of the body.
Proximodistal Development
A developmental principle where growth starts at the center of the body and progresses outwards to the extremities.
Maturity
The state of being fully developed physically or emotionally, or exhibiting behaviors typical of well-developed individuals.
Deposition
A pretrial sworn and recorded testimony of a witness that is acquired out of court with no judge present.
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