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Bonita Industries markets CDs of numerous performing artists. At the beginning of March, Bonita had in beginning inventory 2,500 CDs with a unit cost of
Bonita Industries markets CDs of numerous performing artists. At the beginning of March, Bonita had in beginning inventory 2,500 CDs with a unit cost of $6. During March, Bonita made the following purchases of CDs. March 5 2,150 @ $7 March 13 4,000 @ $8 March 21 4,800 m $9 March 26 2,150 @ $10 During March 12,000 units were sold. Bonita uses a periodic inventory system. X Your answer is incorrect. 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 O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ " The cost of goods sold $ " eTextbook and Media List of Accounts
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