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Current Attempt in Progress Ivanhoe Distribution markets CDs of numerous performing artists. At the beginning of March, Ivanhoe had in beginning inventory 2,700 CDs with

Current Attempt in Progress Ivanhoe Distribution markets CDs of numerous performing artists. At the beginning of March, Ivanhoe had in beginning inventory 2,700 CDs with a unit cost of $7.00. During March, Ivanhoe made the following purchases of CDs. March 5 1,900 $8.00 March 21 5,000 $10.00 March 13 3,500 $9.00 March 26 1,900 $11.00 During March 12,000 units were sold. Ivanhoe uses a periodic inventory system. * Your answer is incorrect. Determine the cost of goods available for sale. Cost of goods available for sale $ 39.800 Calculate weighted-average cost per unit. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average cost per unit $ 9.561 X 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.) FIFO LIFO Ending inventory $ 70,900 $ AVERAGE-COST 50,400 $ 41,860 Cost of goods sold $ 115,600 $ 117,600) $ 111.930 eTextbook and Media

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