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:
Ethical Decision-making Approaches
Methodologies or philosophies that guide individuals in making choices that are morally sound and in line with ethical standards.
Loyalty to Employees
The commitment and fidelity an employer demonstrates toward their employees, often evidenced by fair treatment, respect, and support for personal and professional growth.
Ethical Decision-making Approaches
involve frameworks and processes that guide individuals in making choices that align with moral and ethical standards.
Sustainable Development
A concept of defining development strategies that meet the needs of the present without compromising the ability of future generations to meet their own needs.
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