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View Policies Current Attempt in Progress Sheridan Distribution markets CDs of numerous performing artists. At the beginning of March, Sheridan had in beginning inventory 2,500

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View Policies Current Attempt in Progress Sheridan Distribution markets CDs of numerous performing artists. At the beginning of March, Sheridan had in beginning inventory 2,500 CDs with a unit cost of $8.00. During March, Sheridan made the following purchases of CDs. During March 11,600 units were sold. Sheridan uses a periodic inventory system. (a) Determine the cost of goods available for sale. Cost of goods available for sale $ Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.) 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. 125.)

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