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Problem 6-3 (Part Level Submission) Pina Colada Distribution markets CDs of numerous performing artists. At the beginning of March, Pina Colada had in beginning inventory
Problem 6-3 (Part Level Submission) Pina Colada Distribution markets CDs of numerous performing artists. At the beginning of March, Pina Colada had in beginning inventory 2,290 CDs with a unit cost of $7. During March, Pina Colada made the following purchases af CDs. $8 March 21 $10 March 5 1,840 5,340 March 26 March 13 3,430 $9 2,140 $11 During March 11,270 units were sold. Pina Colada uses a periodic inventory system. (a) Your answer is correct. Determine the cost of goads available for sale, The cost of goods available for sale 138560 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 1 of 5 used (b) Determine (1) the ending inventtory and (2) the cost of goods sold under each of the assumed cost flow methads (FIFO, LIFO, and average-cost). (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sald Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 0 of 5 used SUBMIT ANSWER. SAVE FOR LATER
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