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Please help me figure out the ending inventory and cost of goods sold. Problem 6-02A a, b1-b2, c (Part Level Submission) (Video) Ayayai Distribution markets
Please help me figure out the ending inventory and cost of goods sold.
Problem 6-02A a, b1-b2, c (Part Level Submission) (Video) Ayayai Distribution markets CDs of the performing artist Fishe. At the beginning of October, Ayayai had in beginning inventory 2,100 of Fishe's CDs with a unit cost of $6. During October, Ayayai made the following purchases of Fishe's CDs. Oct. 3 2,625 @ $7 Oct. 9 3,675 @ $8 Oct. 19 3,150 @ $9 Oct. 25 4,200 @ $10 During October, 11,445 units were sold. Ayayai uses a periodic inventory system. (a) Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for sale 130725 SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 1 of 5 used (62) x Your answer is incorrect. Try again. 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 I decimal places, e.g. 1,250. Use weighted- average unit cost rounded to 2 decimal places for computations.) FIFO LIFO AVERAGE-COST The ending inventory 59325 14766 35751.3 KBB A The cost of goods sold 71400 9497.7 LINK TO TEXT Attempts: 1 of 5 usedStep by Step Solution
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