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Ayayai Distribution markets CDs of numerous performing artists. At the beginning of March, Ayayai had in beginning inventory 2,310 CDs with a unit cost of
Ayayai Distribution markets CDs of numerous performing artists. At the beginning of March, Ayayai had in beginning inventory 2,310 CDs with a unit cost of $6. During March, Ayayai made the following purchases of CDs. March 5 2.020 @ $7 March 21 5.360 @ $9 March 13 3,690 @ $8 March 26 2,010 @ $10 During March, 11,440 units were sold. Ayayai uses a periodic inventory system.Determine the cost of goods available for sale. The cost of goods available for sale $ 125,860Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (For calculation purposes, round average cost per unit to 3 decimal places, e.g. 5.275. Round answers to O decimal places, eg. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ The cost of goods sold $
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