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Flint Distribution markets CDs of the performing artist Fishe. At the beginning of October, Flint had in beginning inventory 2.700 of Fishes CDs with a
Flint Distribution markets CDs of the performing artist Fishe. At the beginning of October, Flint had in beginning inventory 2.700 of Fishes CDs with a unit cost of 5. During October Flint made the following purchases of Fishes Oct. 3 3.375 @ $7 Oct 19 4050 $9 Oct 9472558 Oct.25 5.400 $10 During October, 14715 units were sold. Flintsesa periodic Inventory system. (a) V your answer is correct, Determine the cost of goods available for sale Cost of goods available for sale 100 e Textbook and Media 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 cos 1.250. Use weighted average unit cost rounded to 2 decimal places for computations) FIFO LIFO AVERAGE-COST $ $ $ The ending inventory The cost of goods sold $ $ e Textbook and Media Texto
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