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Metlock, Inc. markets CDs of numerous performing artists. At the beginning of March, Metlock had in beginning inventory 2,500 CDs with a unit cost

Metlock, Inc. markets CDs of numerous performing artists. At the beginning of March, Metlock had in beginning inventory 2,500 CDs with a unit cost of $8. During March, Metlock made the following purchases of CDs. 4,800 @ $11 March 5 March 13 1,850 @ 4,000 @ $9 $10 March 21 March 26 1,850 @ $12 During March 11,900 units were sold. Metlock uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale $ Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost $

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Answer A Cost of goods available for sale 151650 Explanation Opening inventory 25008 20000 Add Purchases March5 18509 16650 March 21 480011 52800 Marc... blur-text-image

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