Question
Bridgeport Distribution markets CDs of numerous performing artists. At the beginning of March, Bridgeport had in beginning inventory 2,290 CDs with a unit cost of
Bridgeport Distribution markets CDs of numerous performing artists. At the beginning of March, Bridgeport had in beginning inventory 2,290 CDs with a unit cost of $ 6. During March, Bridgeport made the following purchases of CDs.
| March 5 | 2,120 | @ | $ 8 | March 21 | 4,850 | @ | $ 10 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| March 13 | 3,330 | @ | $ 9 | March 26 | 1,970 | @ | $ 11 |
During March, 11,210 units were sold. Bridgeport uses a periodic inventory system.
(a)
Determine the cost of goods available for sale.
| The cost of goods available for sale |
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Financial Markets And Institutions
Authors: Peter Howells, Keith Bain
5th Edition
0273709194, 9780273709190
