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2nd problem, Thanks!! Problem 1 Determine cost of goods sold and ending iventory using FIFO, LIFO, and average cost with analysis Glee Distribution markets CDs

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Problem 1 Determine cost of goods sold and ending iventory using FIFO, LIFO, and average cost with analysis Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory 2000 of unique's CDs with a unit cost of $7. During of october , Glee made the following purchases of Unique's CDsvog CC 3 2,500 @ $5 0+. 7 3,500 @ $9 oct 19 3,000 @ $10 Oct. 25 4,000 @ $u During October 10,900 units were sord: Instructions: (2) Determine the cost of goods available for sale using the periodic iventory system. (6.) Determine using the periodic iventory sistem w) 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 of the cost of goods sold under the FIFO and L I fo methods. accuracy fill the Problem 6) Determine using the perpetual inventory. system (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFOR, LIFO and average cost) Use the information given yellow area doo Date Explanation units units cost Cost Beginning inventory 150 15-Feb Purchases 100 Purchases 200 13 sale 2 400 S-May 3-Jun Purchases 100 14 Total untis Pucchess Sold 1- Jon 12 12- Apr 22

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