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Bramble Distribution markets CDs of numerous performing artists. At the beginning of March, Bramble had in beginning inventory 2,590 CDs with a unit cost of
Bramble Distribution markets CDs of numerous performing artists. At the beginning of March, Bramble had in beginning inventory 2,590 CDs with a unit cost of $7. During March, Bramble made the following purchases of CDs. March 5 March 21 @ $10 2,180 3,700 @ $8 $9 5,000 1,820 March 13 March 26 @ $11 During March, 12,510 units were sold. Bramble uses a periodic inventory system. 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). (For calculation purposes, round average cost per unit to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ $ ta The cost of goods sold $ $ $
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