Buffalo Industries markets CDs of numerous performing artists. At the beginning of March, Buffalo Industries had in beginning inventory 2,670 CDs with a unit cost of $7. During March, Buffalo Industries made the following purchases of CDs. 2,040 $8 5,150 March 5 March 13 March 21 March 26 $10 $11 3,820 $9 1,930 @ During March 12,440 units were sold. Buffalo Industries uses a periodic inventory system. (a) Your answer is correct. (a) Determine the cost of goods available for sale. The cost of goods available for sale 142,120 (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost 9.104 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIM PROBLEM Attempts: 3 of 3 used (b) Your answer is partially correct. Try again. 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). (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory 33,630 122210 142113 The cost of goods sold 89,800 1,220 113253