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Jackson Enterprises markets the CDs for the performing artist Adam Lavine. At the beginning of March, Jackson had beginning inventory of 1,500 Lavine CDs with

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Jackson Enterprises markets the CDs for the performing artist Adam Lavine. At the beginning of March, Jackson had beginning inventory of 1,500 Lavine CDs with a unit cost of $7. During March, Jackson made the following purchases of Lavine CDs. During March, 12,500 units were sold. Jackson uses a perprtual inventory system. Prepare answers on an Excel spreadsheet using the following templates. Determine the ending inventory under FIFO. FIFO

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