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(b2) 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).
(b2) 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. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory $ $ The cost of goods sold $ $ Click if you would like to Show Work for this question: Open Show Work (b1) Your answer is correct. Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Cost per unit 7.30 Click if you would like to Show Work for this question: Open Show Work Problem 6-02A a, b1-b2, c (Part Level Submission) (Video) Crane Distribution markets CDs of the performing artist Unique. At the beginning of October, Crane had in beginning inventory 2,000 of Unique's CDs with a unit cost of $5. During October, Crane made the following purchases of Unique's CDs. Oct. 3 2,500 $6 Oct. 9 3,500 @ $7 Oct. 19 3,000 @ $8 Oct. 25 4,000 @ $9 During October, 10,900 units were sold. Crane uses a periodic inventory system. (a) Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for sale 109500 Click if you would like to Show Work for this question: Open Show Work
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