Sandhill Distribution markets CDs of numerous performing artists. At the beginning of March, Sandhill had...
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Sandhill Distribution markets CDs of numerous performing artists. At the beginning of March, Sandhill had in beginning inventory 2,500 CDs with a unit cost of \$8.00. During March, Sandhill made the following purchases of CDs. During March 12,100 units were sold. Sandhill uses a periodic inventory system. Your answer is correct. 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.g. 5.125.) 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). (Round answers to 0 decimal places, e.g. 125.)
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Sandhill Distribution markets CDs of numerous performing artists. At the beginning of March, Sandhill had in beginning inventory 2,500 CDs with a unit cost of \$8.00. During March, Sandhill made the following purchases of CDs. During March 12,100 units were sold. Sandhill uses a periodic inventory system. Your answer is correct. 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.g. 5.125.) 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). (Round answers to 0 decimal places, e.g. 125.) 