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Crane Distribution markets CDs of the performing artist Unique. At the beginning of October, Crane had in beginning inventory 2,000 of Uniques CDs with a
Crane Distribution markets CDs of the performing artist Unique. At the beginning of October, Crane had in beginning inventory 2,000 of Uniques CDs with a unit cost of $5. During October, Crane made the following purchases of Uniques CDs.
Oct. 3 | 2,500 | @ | $6 | Oct. 19 | 3,000 | @ | $8 | |||
---|---|---|---|---|---|---|---|---|---|---|
Oct. 9 | 3,500 | @ | $7 | Oct. 25 | 4,000 | @ | $9 |
During October, 10,900 units were sold. Crane uses a periodic inventory system.
(a)
Determine the cost of goods available for sale.
Cost of goods available for sale | $enter the cost of goods available for sale in dollars |
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