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(b2) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cash flow methods (FIFO, LIFO, and average-cost).

(b2) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cash flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods soldunder the FIFO and LIFO methods. (round answers to 0 decimal places, e.g. 1,250. Use weighted average unit cost rounded to 3 decimal places for computations.)
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Swifty Distribution markets CDs of numerous performing artists. At the beginning of March Swifty had in beginning inventory 3.900 CDs with a unit cost of $7. During March Swifty made the following purcheses of CD s. During March 21,000 units were sold. Swifty uses a periodicinventory system. (a) Determine the cost of goods avaliable for sale. Cost of goods avaiable for sale 5 Calculate weighted-average cost per unit. (Round answer to 3 decimal places, es 2.257) Weighted-average cost per unit s eTextbook and Media Attempts 1 of 4 used b2) Dstermine (1) the ending imventory and (2) the cost of coods sold under each of the assumed cost flow methods (FIFO, LIFO, and averape-cost). Prove the accuracy of the cost of Soods sold under the FIFO and LiFO methods. (Round answers to 0 decimal ploces

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