Question
Cullumber Distribution markets CDs of numerous performing artists. At the beginning of March, Cullumber had in beginning inventory 2.800 CDs with a unit cost of
Cullumber Distribution markets CDs of numerous performing artists. At the beginning of March, Cullumber had in beginning inventory 2.800 CDs with a unit cost of $8.00. During March, Cullumber made the following purchases of CDs. March 5 1,900 March 13 3,200 (a) $9.00 $10.00 March 21 Cost of goods available for sale $ March 26 Determine the cost of goods available for sale. Weighted-average cost per unit $ 5,200 During March 11,600 units were sold. Cullumber uses a periodic inventory system. 1,900 @ $11.00 $12.00 Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started