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Sunland Distribution markets CDs of numerous performing artists. At the beginning of March, Sunland had in beginning inventory 2,500 CDs with a unit cost
Sunland Distribution markets CDs of numerous performing artists. At the beginning of March, Sunland had in beginning inventory 2,500 CDs with a unit cost of $6.00. During March, Sunland made the following purchases of CDs. March 5 2.200 @ $7.00 March 21 5,200 $9.00 March 13 3.900 $8.00 March 26 2,200 @ $10.00 During March 12,200 units were sold. Sunland uses a periodic inventory system. Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for sale $ 130400 Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit $ 8.150 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). (Round answers to O decimal places, e.g. 125.) Ending inventory Cost of goods sold $ eTextbook and Media FIFO LIFO AVERAGE-COST $ $
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