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Cheyenne Corp. markets CDs of numerous performing artists. At the beginning of March, Cheyenne Corp. had in beginning inventory2,390CDs with a unit cost of $7.
Cheyenne Corp. markets CDs of numerous performing artists. At the beginning of March, Cheyenne Corp. had in beginning inventory2,390CDs with a unit cost of $7. During March, Cheyenne Corp. made the following purchases of CDs.
March 5 | 2,030 | @ | $8 | March 21 | 5,060 | @ | $10 |
March 13 | 3,260 | @ | $9 | March 26 | 1,800 | @ | $11 |
During March11,470units were sold. Cheyenne Corp. uses a periodic inventory system.
(a)Determine the cost of goods available for sale.The cost of goods available for sale | $ |
Average Cost | $ |
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