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). (For calculation purposes, round average cost per unit to 3 decimal places, eg. 5.275. Round answers to decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ The cost of goods sold Blue Spruce Distribution markets CDs of numerous performing artists. At the beginning of March. Blue Spruce had in beginning inventory 2.420 CDs with a unit cost of $7. During March, Blue Spruce made the following purchases of CDs. March 5 March 13 1.800 3,670 @ $8 @ $9 March 21 March 26 5,030 @ $10 1,840 @ $11 During March, 12,310 units were sold. Blue Spruce uses a periodic inventory system (a) Your answer is correct Determine the cost of goods available for sale $ 134910 The cost of goods available for sale
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