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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. 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 0 decimal places, e.g. 125.)
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