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Whispering Winds Corp. markets CDs of numerous performing artists. At the beginning of March, Whispering Winds had in beginning inventory 2,800 CDs with a unit
Whispering Winds Corp. markets CDs of numerous performing artists. At the beginning of March, Whispering Winds had in beginning inventory 2,800 CDs with a unit cost of $8. During March, Whispering Winds made the following purchases of CDs.
March 5 | 2,000 | @ | $9 | March 21 | 5,200 | @ | $11 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
March 13 | 4,000 | @ | $10 | March 26 | 2,000 | @ | $12 |
During March 11,900 units were sold. Whispering Winds uses a periodic inventory system.
Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 161600 Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average cost $ 10.1 e Textbook and Media List of Accounts Your answer is incorrect. 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, eg. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ The cost of goods sold $Step by Step Solution
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