6-2A

Pronghorn Corp markets CDs of numerous performing artists. At the beginning of March, Pronghorn Corp had in beginning inventory2,600CDs with a unit cost of $7. During March, Pronghorn Corp made the following purchases of CDs.

March 51,940@$8March 214,990@$10March 133,320@$9March 261,810@$11

During March10,950units were sold. Pronghorn Corp uses a periodic inventory system.

Your answer is incorrect.Try again.(a)Determine the cost of goods available for sale.

The cost of goods available for sale$

(b)Calculate Average Cost.(Round answer to 3 decimal places, e.g. 5.125.)

Average Cost$

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Your answer is incorrect.Try again.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.)

FIFO

LIFO

AVERAGE-COST

The ending inventory$

$

$

The cost of goods sold$

$

$