b2

Novak Distribution markets CDs of numerous performing artists. At the beginning of March, Novak had in beginning inventory 3,300 CDs with a unit cost of 57 . During March, Novak made the following purchases of CDs. \begin{tabular}{ll|lllll} March 5 & 4,125 & $8 & March 21 & 6,950 & @ & $10 \\ March 13 & 5,775 & $9 & March 26 & 4,600 & $11 \end{tabular} During March 18,000 units were sold. Novak uses a periodic inventory system. (a) Determine the cost of goods available for sale. Cost of goods iwailable for sale Calculate weighted-average cost per unit. (Round answer to 3 decimal places, eg. 2.257.) Weighted-average cost per unit eTextbook and Media Attempts: 1 of 3 used (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). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to O decimal ploces, es. 1,250. Use weighted-average unit cost rounded to 3 decimal places for computations.)