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Bramble Distribution markets CDs of the performing artist Fishe. At the beginning of October, Bramble had in beginning inventory 2,300 of Fishes CDs with a
Bramble Distribution markets CDs of the performing artist Fishe. At the beginning of October, Bramble had in beginning inventory 2,300 of Fishes CDs with a unit cost of $6. During October, Bramble made the following purchases of Fishes CDs.
Bramble Distribution markets CDs of the performing artist Fishe. At the beginning of October, Bramble had in beginning inventory 2,300 of Fishe's CDs with a unit cost of $6. During October, Bramble made the following purchases of Fishe's CDs. Oct. 3 2,875 $7 Oct. 19 3,450 $9 Oct. 9 4,025 @ $8 Oct. 25 4,600 $10 During October, 12,535 units were sold. Bramble uses a periodic inventory system. Determine the cost of goods available for sale Cost of goods available for sale s LINK TO TEXT VIDEO: SIMILAR PROBLEM VIDEO: SIMILAR PROBLEM Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Cost per unit LINK TO TEXT VIDEOn SIMILAR PROBLEM VIDEO: SIMILAR PROBLEM 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 O decimal places, e.g. 1,250. Use weighted-average unit cost rounded to 2 decimal places for computations.)Step by Step Solution
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