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Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning inventory 2,000 of Unique's CDs with a
Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning inventory 2,000 of Unique's CDs with a unit cost of $5. During October. Vaughn made the following purchases of Unique's CDs. Oct 3 2.500 @ $6 Oct. 19 3.000 @ $8 Oct 9 3.500 @ $7 Oct 25 4,000 @ $9 During October 10,850 units were sold. Vaughn uses a periodic inventory system. (a) Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for sale $ 109500 Your answer is correct. Calculate cost per unit (Round answer to 2 decimal places, eg. 2.25.) Cost per unit 7.30 eTextbook and Media Attempts: 1 of 5 used (62) Your answer is partially correct. 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 decimal places, eg. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods | $ sold $ 37,200 $ 22.900 $ S $
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