1.88/3.75 Question 1 View Policies Show Attempt History Current Attempt in Progress Grouper Distribution markets...
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1.88/3.75 Question 1 View Policies Show Attempt History Current Attempt in Progress Grouper Distribution markets CDs of the performing artist Fishe. At the beginning of October, Grouper had in beginning inventory 2.900 of Fishe's CDs with a unit cost of $6. During October, Grouper made the following purchases of Fishe's CDs. Oct. 3 3,625 @ $7 Oct. 95.075 @ $8 Oct. 19 4,350 Oct 255.000 $9 $10 During October 15,805 units were sold Grouper uses a periodic Inventory system Your answer is correct. Determine the cost of goods available for sale 0 31 .0" ONA O XOC Wo Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.. 2.25.) Weighted average cost per unit $ eTextbook and Media Attempts: 1 of 5 used (62) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to decimal places, ex. 1.250. Use weighted average unit cost rounded to 2 decimal places for computations.) FIFO LIFO AVERAGE-COST The ending Inwentory $ The cost of goods sold $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer LG
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