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Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIF 0 , and
Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIF 0 , and average-cost), (For catculotion purposes, round average cost per unit to 2 decimal ploces, es. 5.25. Round answers to 0 decimal ploces, es. Monty Distribution markets CDs of numerous performing artists. At the beginnire of March, Monty had in beginning inventory 2600 CDs with a unit cost of 57, During March, Monty made the following purchases of CDx. \begin{tabular}{|l|l|l|l|l|l|} \hline March5 & 1,940 & \$8 & March 21 & 4,990 & $10 \\ \hline March 13 & 3,320 & $9 & March 26 & 1.810 & $11. \\ \hline \end{tabular} Duting March, 10.950 units were sold. Monty uset a periodic irventory system
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