FMGT 2152 Online Assignment - Chapter 7 Question #2 Vancouver Distribution markets electronics. At the beginning of March, Mullins had in beginning inventory 2,500 converters with a unit cost of $6. During March, Mullins made the following purchases of converters. March5 March 13 3,000 @ $7 3,500 @ $8 March 21 March 26 5,000 @$9 2,000 @ $10 During March, 12,000 converters were sold. Mullins uses a periodic inventory system and therefore must adopt an inventory cost flow valuation method. Required: 1. Determine the cost of goods available for sale. 2. Determine (1) the ending inventory value and (2) the cost of goods sold under: 2.1 FIFO 2.2 Weighted average