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Problem 6-02A a, bi-b2, c (Video) the following purchases of Unique's CDs. Oct 3 2.500 e s8 Oct. 19 3,000 @ $10 Oct. 9 3,500
Problem 6-02A a, bi-b2, c (Video) the following purchases of Unique's CDs. Oct 3 2.500 e s8 Oct. 19 3,000 @ $10 Oct. 9 3,500 @$9 Oct. 25 4,000 @ s1 During October, 10,750 units were sold. Lily uses a periodic inventory system. Determine the cost of goods available for sale. Cost of goods available for sale L Lily Distribution markets CDs of the performing artist Unique. At the begining of October, Lily had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Lily mad 139,500 LINK TO TEXT Calculate cost per unit (Round answer to 2 decimal places, e.g. 2.25) Cost per unt 9.3 LINK TO TEXT Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO. LIFO, and 1.250.) FIFO LIFO AVERAGE-COST Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost fnow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sold Which cost fiow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income produces the highest inventory amount, $ produces the highest cost of goods sold, $ Click if you would like to Show Work for this question: Open Show Work
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