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Crane Company markets CDs of numerous performing artists. At the beginning of March, Crane had in beginning inventory 2,400 CDs with a unit cost of

image text in transcribedimage text in transcribed Crane Company markets CDs of numerous performing artists. At the beginning of March, Crane had in beginning inventory 2,400 CDs with a unit cost of $6. During March, Crane made the following purchases of CDs. March 5 March 13 2,100 3,600 $7 March 21 4,800 $9 $8 March 26 2,100 $10 During March 11,500 units were sold. Crane uses a periodic inventory system. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 122100 Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost 8.14 eTextbook and Media List of Accounts Attempts: 1 of 15 used (b) * Your answer is incorrect. 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, e.g. 125.) The ending inventory The cost of goods sold eTextbook and Media List of Accounts Save for Later FIFO 1100 LIFO +A AVERAGE-COST Attempts: 1 of 15 used Submit

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