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Bridgeport Distribution markets CDs of numerous performing artists. At the beginning of March, Bridgeport had in beginning inventory 2,390 CDs with a unit cost
Bridgeport Distribution markets CDs of numerous performing artists. At the beginning of March, Bridgeport had in beginning inventory 2,390 CDs with a unit cost of $7. During March, Bridgeport made the following purchases of CDs. March 5 2,130 @ $8 March 21 4,650 @ $10 March 13 3,690 @ $9 March 26 2,140 @ $11 During March, 12,280 units were sold. Bridgeport uses a periodic inventory system. (a) (b) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale eTextbook and Media List of Accounts 137020 Attempts: 2 of 3 used * 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). (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.) FIFO LIFO AVERAGE-COS The ending 137020 15000 inventory The cost of goods $ 2720 $ 9.13 $ 24 sold
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