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Question 13 Sarasota Distribution markets CDs of the performing artist Fishe. At the beginning of October, Sarasota had in beginning inventory 3,700 of Fishe's CDs
Question 13 Sarasota Distribution markets CDs of the performing artist Fishe. At the beginning of October, Sarasota had in beginning inventory 3,700 of Fishe's CDs with a unit cost of $6. During October, Sarasota made the following purchases of Fishe's CDs Oct. 3 4,625$7 Oct. 19 5,550 $9 Oct. 9 6,475 $8 Oct. 25 7,400$10 During October, 20,165 units were sold. Sarasota uses a periodic inventory system Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for sale Click if you would like to Show Work for this question: 230325 Open blank Show Work Copy Show Work from Previous attempt LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 3 of 15 used (b1) Your answer is correct. Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Weighted-average cost per unit Click if you would like to Show Work for this question: Open blank Show Work Copy Show Work from Previous attempt LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 1 of 15 used (62) 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). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to 0 decimal places, e.g. 1,250. Use weighted-average unit cost rounded to 2 decimai places for computations.) FIFO LIFO AVERAGE-COST The ending inventory s The cost of goods sold Click if you would like to Show Work for this question: Open Show Work LINK TO TEX Attempts: O of 15 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above
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