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Dunbar Dlstrlbutlon markers CD5 of numerous performlng artlsfs, At the heglnnlng of March, Dunbar had in beglnnlng Inventory 3,213 CD5 wlth a unit cost of $9. During March, Dunbar made the followlng purchases of CD5. Marchs 2,570 e 310 Marchzi 6.425 9 :13 March 13 4,493 @ s12 March26 2,570 a: :14 During March 15,420 units were sold. Dunbar uses a periodic Inventory system. v (a) v Your answer is correct. (a) Determine the cost of goods available for sale, The cost of goods avallahle for sale $ 228098 (b) Calculate Average Cost (Round answer to 3 animal plan's, ..g. 5.125.) Average Cost 1 533 SHOW LIST OF ACCOUNTS LINK TO TEXT mm: mm min Attempts: 1 of 15 used V (b) Determine (1) the ending inventory and (Z) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal Mecca, e.g. 125.) The endlnglnventary $777 WW\" 7" 7 : $' ,7, W 7 h, g , ,7 7 7,] The oostnfgonds sold '7 , sl s' J You have the following information for Vincent Inc. for the month ended October 31, 2014. Vincent uses a periodic method for inventory. Oct. 1 3:52:22: 61 $24 Oct. 9 Purchase 122 26 5'? Sale 101 35 '1)? Purchase 101 27 32\"- Sale 61 41 205d. Purchase 71 29 2;" Sale 112 41 V (a1) Your answer is correct. Calculate the weig hted-average cost, (Round answer to 3 decimal places, e.g. 5.125.) , Weighted-average cost per unit $ 25, 41 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO V (a1) Calculate ending inventory, cost of goods sold, gross prot under each of the following methods. (1) LIFO, (2) FIFO. (3) Average~cost. (Round answers to 0 decimal place, e.g. 125.) The ending inventory $ $ $ The cost of goods sold $ $ $ Gross prot $ $ $ Suppose this information (in millions) is available for the Automotive and other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. B innin Inl'entoryg $13581 Ending inventory 14,995 LIFO reserve 1,076 Current asseis 58,170 Current Ilabilltles 69,213 Cost of goods 152 906 sold ' Sales revenue 173,336 V (a) Your answer is correct. Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, e.g. 5.1.) The Inventory tumover 11.4 tlmes Days in inventory 32.1 days SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 3 of 15 V (5) Calculate the current ratio based on inventory as reported using LIFO. (Round answer to 2 decimal places, my. 5.12.) The current ratio based on inventory using LIFO. ' :1