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Pina Colada Distribution markets CDs of numerous performing artists At the beginning of March, Pina Colada had in beginning inventory 3.400 CDs with a unit
Pina Colada Distribution markets CDs of numerous performing artists At the beginning of March, Pina Colada had in beginning inventory 3.400 CDs with a unit cost of $ 6. During March, Pina Colada made the following purchases of CDs. March 5 4.250 @ $7 March 21 7.100 $9 March 13 5.950 @ $8 March 26 4.800 @ $ 10 During March 19.000 units were sold. Pina Colada uses a periodic inventory system. la Your answer is correct Determine the cost of goods available for sale. Cost of goods available for sale $ 209650 e Textbook and Media Attempts: 1 of 3 used (b1) Your answer is correct Calculate weighted average cost per unit (Round answer to 3 decimal places, eg. 2257.) Weighted average cost per unit $ 8.222 e Textbook and Media Attempts: 1 of 3 used Your answer is correct. Calculate weighted average cost per unit (Round answer to 3 decimal places, eg, 2.257) Weighted average cost per unit S 8.222 e Textbook and Media Attempts: 1 of 3 used (62) 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 O decimal places, eg. 1.250. Use weighted average unit cost rounded to 3 decimal places for computations.) FIFO LIFO AVERAGE-COST The ending inventory $ 63300 S 42100 $ 53443 The cost of goods sold S 146350 S 167550 $ 156218 e Textbook and Media Assistance Used
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