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Marigold Distribution markets CDs of the performing artist Fishe. At the beginning of October. Marigold had in beginning inventory 3,000 of Fishe's CDs with a

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Marigold Distribution markets CDs of the performing artist Fishe. At the beginning of October. Marigold had in beginning inventory 3,000 of Fishe's CDs with a unit cost of $7. During October, Marigold made the following purchases of Fishe's CDs. Oct. 3 3,750 $8 Oct. 19 4,500 $10 Oct. 9 5.250 59 Oct. 25 6.000 $11 During October 16,350 units were sold. Marigold uses a periodic Inventory system, 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). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to decimal places, e.g. 1,250. Use weighted average unit cost rounded to 2 decimal places for computations) FIFO LIFO AVERAGE-COST $ The ending inventory 67350 $ $ The cost of goods sold 141900 $

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