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Pharoah Distribution markets CDs of numerous performing artists. At the beginning of March, Pharoah had in beginning imventory 2 , 7 0 0 CDs with
Pharoah Distribution markets CDs of numerous performing artists. At the beginning of March, Pharoah had in beginning
imventory CDs with a unit cost of $ During March, Pharoah made the following purchases of CDs
During March units were sold. Pharoah uses a periodic inventory system.
a
Your answer is correct.
Determine the cost of goods available for sale.
Cost of goods available for sale
$
Calculate weightedaverage cost per unit. Round answer to decimal places, eg
Weightedaverage cost per unit $
eTextbook and Media
b
Four answer is incorrect.
Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods FIFO LIFO, and
averagecostRound answers to decimal places, eg
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