Question
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
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 |
Cost of Goods available for sale=?
Weighted average cost per unit=?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
