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need all of b2 Martinez Distribution markets CDs of numerous performing artists. At the beginning of March, Martinez had in beginning inventory 3,100 CDs with

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need all of b2

Martinez Distribution markets CDs of numerous performing artists. At the beginning of March, Martinez had in beginning inventory 3,100 CDs with a unit cost of $ 7. During March, Martinez made the following purchases of CDs. March 5 3.875 @ $ 8 March 21 6,650 $ 10 March 13 5.425 @ $ 9 March 26 4,200 $ 11 During March 17,000 units were sold. Martinez uses a periodic inventory system. ( b2) ( Your answer is partially correct. 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, eg. 1,250. Use weighted-average unit cost rounded to 3 decimal places for computations.) FIFO LIFO AVERAGE-COST The ending inventory $ 112700 $ 22100 $ 29024 The cost of goods sold $ 168025 $ 192525 $ 156638 e Textbook and Media

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