Use this inventory information for the month of May to answer the following questions. 
Assuming that a perpetual inventory system is used.
-What is cost of goods sold (rounded) under the average-cost method?
Definitions:
Notes Receivables
These are written promises for amounts to be received by a business, typically including interest, evidence by a formal instrument.
Accounts Receivables
Refers to the amounts owed to a business by its customers for sales or services provided on credit.
Finance Charge
A fee representing the cost of credit or the cost of borrowing on accounts, including interest and other charges.
Finance Charge
The total cost of borrowing, including interest, fees, and any other charges associated with the extension of credit.
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