Coronado Industries markets CDs of numerous performing artists. At the beginning of March, Coronado had in beginning inventory 2,800 CDs with a unit cost of $8. During March, Coronado made the following purchases of CDs.

March 5		2,200		@		$9		March 21		5,400		@		$11
March 13		3,400		@		$10		March 26		2,200		@		$12

During March 11,600 units were sold. Coronado uses a periodic inventory system.

Determine the cost of goods available for sale.

The cost of goods available for sale

$162000

Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.)

Average Cost

$10.125

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		$		$		$
The cost of goods sold		$		$		$