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Coronado Distribution markets CDs of the performing artist Unique. At the beginning of October, Coronado had in beginning Inventory 2.000 of Unique's CDs with a
Coronado Distribution markets CDs of the performing artist Unique. At the beginning of October, Coronado had in beginning Inventory 2.000 of Unique's CDs with a unit cost of $5. During October, Coronado made the following purchases of Unique's CDs Oct.3 Oct. 9 2,500 $6 2500 $7 Oct 19 3.000 58 Oct. 25 4,000 $9 During October 10.700 units were sold. Coronado uses a periodic inventory system (62) 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 O decimal places, eg. 1.250) FIFO The ending inventory $ The cost of goods sold $ LIFO AVERAGE-COST $
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