Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory 2,000 of Uniques CDs with a unit cost of $7. During October, Glee made the following purchases of Uniques CDs.

October 1 Beginning Inventory 2,000@$7

October 3 - 2,500 @ $8

October 9- 3,500 @ $9

October 19-3,000 @ $10

October 25-4,000 @ $11

During October, 10,900 units were sold. Glee uses a periodic inventory system.

Required:

A)Determine the cost of goods available for sale

B)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).