FILL IN THE EMPTY BOXES

Question 3 of 4 1.88 / 2.5 Marigold Distribution markets CDs of numerous performing artists. At the beginning of March, Marigold had in beginning inventory 3,000 CDs with a unit cost of $7. During March, Marigold made the following purchases of CDs. March 5 @ $8 March 21 6.500 3,750 5,250 $10 $11 March 13 @ $9 March 26 4,000 @ During March 16,000 units were sold. Marigold uses a periodic inventory system. (a) Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for sale $ 207250 Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 2.257.) Weighted-average cost per unit $ 9.211 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 O decimal places, e.g. 1,250. Use weighted-average unit cost rounded to 3 decimal places for computations.) FIFO LIFO AVERAGE-COST The ending inventory 69000 $ 49000 ta 59872 The cost of goods sold 138250 $ 158250 147378 Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement? (1) v produces the highest inventory amount, $ (2) v produces the highest cost of goods sold, $