Oriole Distribution markets CDs of the performing artist Unique. At the beginning of October, Oriole had in beginning inventory 2,200 of Uniques CDs with a unit cost of $9. During October, Oriole made the following purchases of Uniques CDs.

Oct. 3		2,750	@	$10		Oct. 19		3,300	@	$12
Oct. 9		3,850	@	$11		Oct. 25		4,400	@	$13

During October, 11,990 units were sold. Oriole uses a periodic inventory system.

Determine the cost of goods available for sale.

Cost of goods available for sale

$

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). (Round average cost per unit to 2 decimal places, e.g. 1.28 and final answers to 0 decimal places, e.g. 5,125.)

		FIFO		LIFO		Average-Cost
Ending inventory		$		$		$
Cost of goods sold		$		$		$

Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement?

(1)		FIFOLIFOAverage-cost results the highest inventory amount for the balance sheet, $ .
(2)		FIFOLIFOAverage-cost results in the highest cost of goods sold, $ .

During October 11,990 units were sold. Oriole uses a periodic inventory system. Determine the cost of goods available for sale. e Textbook and Media Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, an average-cost). (Round average cost per unit to 2 decimal places, e.g. 1.28 and final answers to 0 decimal places, eg. 5,125.) FIFO LIFO Average-Cost Ending inventory $ Cost of goods sold $ Stud; Abroad cons Imperial Educational Curriculum Training.. https://accountaut... Home paye DITUUTICO average=coSU. TROTUveye cost per u wzoccur procesus uzuur jamrunswers wUuecimka pruces, ay uza FIFO LIFO Average-Cost Ending inventory $ $ Cost of goods sold e Textbook and Media Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement? results the highest inventory amount for the balance sheet, $ results in the highest cost of goods sold. $ e Textbook and Media