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Problem 6-2A Cheyenne Corp. markets CDs of numerous performing artists. At the beginning of March, Cheyenne Corp. had in beginning inventory 2,390 CDs with a
Problem 6-2A Cheyenne Corp. markets CDs of numerous performing artists. At the beginning of March, Cheyenne Corp. had in beginning inventory 2,390 CDs with a unit cost of $7. During March, Cheyenne Corp. made the follo $8 @ $10 March 5 March 13 2,030 3,260 March 21 March 26 5,060 1,800 @ $9 @ $11 During March 11,470 units were sold. Cheyenne Corp. uses a periodic inventory system. Your answer is correct. (a) Determine the cost of goods available for sale. The cost of goods available for sale 132710 (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost 9.127 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR PROBLEM Your answer is partially correct. 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). (Round answers to o decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory 32500 25600 28020 The cost of goods sold 100210 107110 104690
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