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Blossom Distribution markets CDs of numerous performing artists. At the beginning of March, Blossom had in beginning inventory 2,400 CDs with a unit cost of
Blossom Distribution markets CDs of numerous performing artists. At the beginning of March, Blossom had in beginning inventory 2,400 CDs with a unit cost of $6.00. During March, Blossom made the following purchases of CDs. March 5 March 13 2,100 (a) 3,600 @ $7.00 $8.00 March 21 Cost of goods available for sale $ March 26 Determine the cost of goods available for sale. Weighted-average cost per unit 4,800 @ 2,100 During March 11,500 units were sold. Blossom uses a periodic inventory system. @ $9.00 $10.00 Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)
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