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Kingbird, Inc.markets CDs of numerous performing artists. At the beginning of March, Kingbird had in beginning inventory 2,500 CDs with a unit cost of $8.
Kingbird, Inc.markets CDs of numerous performing artists. At the beginning of March, Kingbird had in beginning inventory 2,500 CDs with a unit cost of $8. During March, Kingbird made the following purchases of CDs. March 5 March 13 2,000 @ 4,000 @ $9 $10 March 21 4,500 @ $11 March 26 2.000 $12 During March 12,100 nits were sold. Kingbird uses a periodic inventory system. Your answer is partially correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 151500 Calculate Average Cost. (Round answer to 3 decimal places, 6. 5.125.) Average Cost $ 30300 * Your answer is incorrect. 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). (Round answers to 0 decimal places, eg. 125.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods so $ eTextbook and edia List of Accounts
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