1pdf 336 873 -)O : 132% Instructions For each of the above transactions, specify whether the item in question should be included in ending inventory, and if so, at what amount. For each item that is not included in ending inventory, indicate who owns it and what account, if any, it should have been recorded in. ds sold P6-2A Dunbar Distribution markets CDs of numerous performing artists. At the begin- sting ning of March, Dunbar had in beginning inventory 2,500 CDs with a unit cost of $7. Dur age-cos ing March, Dunbar made the following purchases of CDs. March 5 2,000 @$8 March 13 3,500 @ $9 March 21 March 26 5,000 @ $10 2,000@ $11 During March 12.000 units were sold. Dunbar uses a periodic inventory system. Instructions (a) Determine the cost of goods available for sale. (b) Determine (1) the ending inventory and (2) the cost of goods sold under each of the $105,000 assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the $115,500 cost of goods sold under the FIFO and LIFO methods. (Note: For average-cost, round $109.501 cost per unit to three decimal places.) LG