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Problem 6-02A a, b1-62, (Part Level Submission) (Video) Swifty Distribution markets CDs of the performing artist Unique. At the beginning of October, Swifty had in
Problem 6-02A a, b1-62, (Part Level Submission) (Video) Swifty Distribution markets CDs of the performing artist Unique. At the beginning of October, Swifty had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Swifty made the following purchases of Unique's CDs. Oct. 3 2,500 @ $8 Oct. 19 3,000 @ 510 Oct. 9 3,500 @ $9 Oct. 25 4,000 @ $11 During October, 10,700 units were sold. Swifty uses a periodic inventory system. (a) (61) your answer is correct. Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Cost per unit 9.30 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 5 used (62) x Your answer is incorrect. Try again. Determine (1) the ending inventory and (2) the cost FIFO LIFO goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 1,250.) AVERAGE-COST The ending inventory 30800 38130 The cost of goods sold 94500 108700 101370 Click if you would like to show Work for this question: Open Show Work
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