6-2A (Part Level Submission) Glee Distribution markets CDs of the performing artist Unique. At the beginning of
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Question:
Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory5,400of Unique's CDs with a unit cost of $7.During October, Glee made the following purchases of Unique's CDs.
Oct. 3 6,750@$8 Oct. 19 8,100@$10 Oct. 9 9,450@$9 Oct. 25 10,800@$11
During October,29,430units were sold. Glee uses a periodic inventory system.
FIFO LIFO AVERAGE-COST
The ending inventory $ $ $
The cost of goods sold $ $ $
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