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Natalie is busy establishing both divisions of her business (cookle classes and mixer sales and completing her business deer. Her goals for the next 11

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Natalie is busy establishing both divisions of her business (cookle classes and mixer sales and completing her business deer. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Cullumber that inchide shipping costs in the negotiated purchase price (mixers will be shipped FOB destination from the supplier to Natalie) Assume that Natalie has now decided to use a periodic inventory system and now must choose a cost flow assumption for her mer inventory Inventory as on January 31, 2023 represents three mixer purchased at a unit cost of $632. The following transactions occur in February to May 2023. Feb 2 Natalie buys two mixers on account from Cullumber Supply Co. for $1.2725636 each, FOB destination forms 30 She sells one mixer for $1.219 cash 16 25 Mar 2 She pays the amount owed to Cullumber She buys one mixeron account from Cullumber Supply Co.for $650, FOB destination de 30 Natalie sells two mixers for a total of $2438 cash 30 Mar. 2 She buys one mixer on account from Cullumber Supply Co. for $650. FOB destination, terms 30 30 Natalie sells two mixers for a total of $2438 cash 31 She pays the amount owed to Cullumber. Apr. 1 She buys two mixers on account from Cullumber Supply Co for $1.292 $646 ech, FOB destination terms 30 13 She sells three miers for a total of $3.657 cash 30 Natalie pays the amounts owed to Cutlumber May 4 She buys two mixers on account from Cullumber Supply Co.for $1.3385669cach, FOB destination termin 30 She sells one more for $1.219 cash 27 Your answer is incorrect 2.78/167 Your answer is incorrect Determine the cost of goods available for sale Cost of goods available for sale e Textbook and Media Your answer is partially correct. O H Type here to search Calculate ) ending inventory on cost of goods sold, and li) gross proht onder each of the following methods Food average cost. (Round average unit cost to 2 decimal places 2.225. Round average cost answers to 2 decimal por 2405 22 and all other answers to decimal places, e5 2.525) LIFO FIFO Average Cost Ending inventory 2546 1964 5 $ Cost of goods sold 4552 $ Gross profit $ e Textbook and Media . O Type here to search

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