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
Whats the ending inventory under LIFO?
FIFO?
AVERAGE COST?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428858, 133428850, 133428702, 978-0133428704
