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Problem 6-2A Dunbar Distribution markets CDs of numerous performing artists. At the beginning of Mh, Dunbar had in beginning inventory 2,500 CDs with a unit
Problem 6-2A Dunbar Distribution markets CDs of numerous performing artists. At the beginning of Mh, Dunbar had in beginning inventory 2,500 CDs with a unit cost of $7. During March, Dunbar made the following purchases of CDs. March 5 2,000 $8 March 21 5,00 $10 March 26 2,000$11 March 13 3,500 $9 During March 12,000 units were sold. Dunbar uses a periodic inventory system. (a) Determine the cost of goods available for sale. The cost of goods available for sale s (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM 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.) AVERAGE-CO The ending inventory s The cost of goods sold
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