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Question 2 Buffalo Industries markets CDs of numerous performing artists. At the beginning of March, Buffalo Industries had in beginning inventory 2,670 CDs with a
Question 2 Buffalo Industries markets CDs of numerous performing artists. At the beginning of March, Buffalo Industries had in beginning inventory 2,670 CDs with a unit cost of $7. During March, Buffalo Industries made the following purchases of CDs. March 5 March 13 2,040 3,820 $8 $9 March 21 March 26 5,150 1,930 $10 $11 During March 12,440 units were sold. Buffalo Industries uses a periodic inventory system. (a) x Your answer is incorrect. Try again. (a) Determine the cost of goods available for sale. The cost of goods available for sale 12,940 (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost 14.963
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