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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 Uniques 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 Uniques CDs with a unit cost of $5. During October, Vaughn made the following purchases of Uniques 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.

FIFO

LIFO

AVERAGE-COST

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). (Round answers to 0 decimal places, e.g. 1,250.)

Please help Fill in the Question Marks. I am so Lost :(

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