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Bramble Distribution markets CDs of numerous performing artists. At the beginning of March, Bramble had in beginning inventory 2,300 CDs with a unit cost of

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Bramble Distribution markets CDs of numerous performing artists. At the beginning of March, Bramble had in beginning inventory 2,300 CDs with a unit cost of $6. During March, Bramble made the following purchases of CDs. March 5 March 13 2,875 @ $7 4,025 @ $8 March 21 March 26 5,450 @ $9 2,600 @ $10 During March 13,000 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). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to decimal places, e.g. 1,250. Use weighted-average unit cost rounded to 3 decimal places for computations.) FIFO AVERAGE-COST The ending inventory The cost of goods sold LIFO $ $

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