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Problem 6-2A Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory 2,280 of Unique's CDs
Problem 6-2A Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory 2,280 of Unique's CDs with a unit cost of $7. During October, Glee made the follo of Unique's CDs. Oct. 3 2,850 $8 Oct. 19 3,420 $10 Oct. 9 3,990 $9 Oct. 25 4,560 $11 During October, 12,426 units were sold. Glee uses a periodic inventory system Determine the cost of goods available for sale. Cost of goods available for sale Calculate cost per unit. (Round answer to 2 decimal places, e.a. 2.25.) Cost per unit 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 FIFO LIFOAVERAGE-COST The cost of goods sold produces the highest inventory amount, $ produces the highest cost of goods sold, $
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