Current Attempt in Progress Novak Distribution markets CDs of numerous performing artists. At the beginning of March, Novak had in beginning inventor 3,300 CDs with a unit cost of $7. During March, Novak made the following purchases of CDs. March 5 March 13 4,125 @ $8 5,775 @ $9 (a) During March 18,000 units were sold. Novak uses a periodic inventory system. Your answer is correct. 6,950 @ $10 March 26 4,600 @ $11 March 21 Cost of goods available for sale Determine the cost of goods available for sale. 228175

Novak Distribution markets CDs of numerous performing artists. At the beginning of March, Novak had in beginning inventor 3,300 CDs with a unit cost of \$7. During March, Novak made the following purchases of CDs. During March 18,000 units were sold. Novak uses a periodic inventory system. (a) Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for sale Calculate weighted-average cost per unit. (Round answer to 3 decimal places, eg. 2.257.) Weighted-average cost per unit $ eTextbook and Media Attempts: 1 of 3 used (b2) 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). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to 0 decimal places, es. 1,250. Use weighted-average unit cost rounded to 3 decimal places for computations.)