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Ivanhoe Distribution markets CDs of numerous performing artists. At the beginning of March, Ivanhoe had in beginning inventory 2,500 CDs with a unit cost
Ivanhoe Distribution markets CDs of numerous performing artists. At the beginning of March, Ivanhoe had in beginning inventory 2,500 CDs with a unit cost of $8.00. During March, Ivanhoe made the following purchases of CDs. March 5 -2,000 $9.00 March 21 5,100 $11.00 March 13 3,400 $10.00 March 26 2,000 $12.00 During March 11,700 units were sold. Ivanhoe uses a periodic inventory system. Determine the cost of goods available for sale. Cost of goods available for sale $ Calculate weighted-average cost per unit. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per unit eTextbook and Media
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