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Novak Distribution markets CDs of numerous performing artists. At the beginning of March, Novak had in beginning inventory 3,300 CDs with a unit cost of
Novak Distribution markets CDs of numerous performing artists. At the beginning of March, Novak had in beginning inventory 3,300 CDs with a unit cost of $7. During March, Novak made the following purchases of CDs. March 5 March 13 4,125 @ $8 5,775 @ $9 (a) March 21 March 26 During March 18,000 units were sold. Novak uses a periodic inventory system. Determine the cost of goods available for sale. 6,950 @ $10 Cost of goods available for sale $ 4,600 @ $11
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