Crane Distribution markets CDs of numerous performing artists. At the beginning of March, Crane had...
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Crane Distribution markets CDs of numerous performing artists. At the beginning of March, Crane had in beginning inventory 2,800CD with a unit cost of $8.00. During March, Crane made the following purchases of CDs. During March 12,000 units were sold. Crane uses a periodic inventory system. (a) Determine the cost of goods available for sale. Cost of goods available for sale Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.s. 5.125.) Weighted-average cost per unit eTextbook and Media Attempts: 3 of 3 used (b) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (F) YOO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 125.)
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