Question 5 of 7 View Policies Show Attempt History Current Attempt in Progress March 5 March 13 Mullins Distribution markets CDs of numerous performing artists. At the beginning of March, Mullins had in beginning inventory 2,500 CDs with a unit cost of $6. During March, Mullins made the following purchases of CDs. 3,000 @ $7 3,500 @ $8 (a) Your answer is correct. During March, 12,000 units were sold. Mullins uses a periodic inventory system. The cost of goods available for sale March 21 Determine the cost of goods available for sale. eTextbook and Medial March 26 List of Accounts 5,000 $9 2,000 @ $10 0 129000 111 Question 5 of 7 Determine the cost of goods available for sale. (b) The cost of goods available for sale eTextbook and Media List of Accounts The ending inventory The cost of goods sold $ 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). (For calculation purposes, round average cost per unit to 3 decimal places, eg. 5.275. Round answers to 0 decimal places, eg. 125) $ eTextbook and Media Save for Later List of Accounts $ FIFO 129000 0.67/2 LIFO 111 Attempts: 5 of 10 used $ *** ..... Attempts: 0 of 10 used Submit Answer AVERAGE-CO (c) The parts of this question must be completed in order. This part will be available when you complete the part above