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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 2,700 CDs with a unit cost of $8.00. During March, Pharoah made the following purchases of CDs.
During March 11,900 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 weighted-average cost per unit. (Round answer to 3 decimal places, eg.5.125.)
Weighted-average cost per unit $
eTextbook and Media
(b)
Four answer is incorrect.
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 answers to 0 decimal places, e.g.125.)
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