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Blossom Distribution markets CDs of numerous performing artists. At the beginning of March, Blossom had in beginning inventory 2 , 8 0 0 CDs with

Blossom Distribution markets CDs of numerous performing artists. At the beginning of March, Blossom had in beginning inventory 2,800 CDs with a unit cost of $8.00. During March, Blossom made the following purchases of CDs.
March 5,2,200
@ $9.00
March 21
5,400
@ $11.00
March 13,3,400
@ $10.00
March 26
2,200
@ $12.00
During March 11,600 units were sold. Blossom uses a periodic inventory system.
(a).
(b)
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.)
LIFO
AVERAGE-COST
Ending inventory
$
q,
q,
$ $
$ $
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