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Qhanville Distnbution markets CDr of the performing artist Hamilyn Clownoy. At the beginning of March, Glanville had a beginning inventory 2,000 Clooney CDs with a
Qhanville Distnbution markets CDr of the performing artist Hamilyn Clownoy. At the beginning of March, Glanville had a beginning inventory 2,000 Clooney CDs with a unit cost of 57 . Duriag October Glanville made the following purchases of Clooney CDs: During March 11,400 units were sold, Glanville uses a periodic inventory system. Required: 1. Calculate the total cost of goods available for sale. 2. Calculate: (i) the ending inventory and (ii) the cost of goods sold under each of the assumed cost flow methods i.e, (FIFO, LIFO, and Average-cost method)
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