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:
Mathematics Test
An examination designed to assess one's knowledge or proficiency in mathematics.
Normal Model
A statistical distribution that is symmetric and bell-shaped, describing how continuous data is distributed around the mean.
Scores Above
Refers to performance measures or results that exceed a specific threshold or benchmark.
Normal Model N(73,9.2)
A specific normal distribution with a mean of 73 and a standard deviation of 9.2.
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