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Problem 6-02A a, b1 b2, c (Part Level Submission) (Video) Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express

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Problem 6-02A a, b1 b2, c (Part Level Submission) (Video) Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had in beginning inventory 2,000 of Fishe's CDs with a unit cost of $7. During October, Express made the following purchases of Fishe's CD Oct. 3 2,500 Oct. 93,500 $8 $9 Oct. 19 3,000 Oct. 25 4,000 $10 $11 During October, 10,900 units were sold. Express uses a periodic inventory system. (62) 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 decimal places 1.250. Use weighted avere unit cost rounded to 2 decimal places for computations) LIFO AVERAGE-COST The ending inwentory 14000 30800 The cost of goods sold 139500 108700 Click if you would like to show Work for this question: Open Show Work LINK TO TEXT

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