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Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning imventory 2,000 of Unique's CDs with a

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Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning imventory 2,000 of Unique's CDs with a unit cost of \$5. During October. Vaughn made the following purchases of Unique's CDs. During October, 10.850 units were sold. Viughn uses a periodic inventory system. Determine the cost of goods available for sale. Cost of goods available for sale eTextbook and Media Calculate cost per unit. (Round answer to 2 decimal ploces, es. 2.25) Cost per unit 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 0 decimal ploces, es. 1,250.) Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the incorse statement? (1) produces the highest imventory amount, 3 (2) produces the highest cont of goods sold, $

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