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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 13 4,000 @ $10 March 21 5,200 @ $11 March 26 2,000 @ $12 During March 11,900 units were sold. Whispering Winds uses a periodic inventory system. X Your answer is incorrect. Determine the cost of goods available for sale. The cost of goods available for sale $ Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost $ eTextbook 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, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sold $ $ eTextbook and Media List of Accounts
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