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Problem 6-2A Mullins Distribution markets CDs of numarous pertformina antists. At the beainning of March, Mullins Distribution had in beginning inventory 2,500 CDs with a
Problem 6-2A Mullins Distribution markets CDs of numarous pertformina antists. At the beainning of March, Mullins Distribution had in beginning inventory 2,500 CDs with a unit cost of $7. During March, Mullins Distribution made the following purchases of cDs. Manch s 2,000S8Harch 25,00$10 March 13.1, 3,500 :'S,/i.March26|12,000 lile su During March 12,000 units were soldi Mullins Distribution uses a periodic inventory system. (a) Determine the cost of goods available for sale Il The cost of goods available for sale (b) Calculate Average Cost. kRound answer to 3 decimal places eo. s.125) Average Cost 125) entony and e) the cot of ods sod er nach of the assumed cost flow methods(FIFO, LIFO, and averape-cost). (Round answers to o decimal places, e.g. AVERAGE COST The ending invertoryliS elcost of goods sold which cost fow method results in ab the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement? preduces the hishest inventory amount 12 produces the h tdst Question Attempts: Unlimited
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