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Windsor, Inc. markets CDs of numerous performing artists. At the beginning of March, Windsor had in beginning inventory 2,500 CDs with a unit cost of
Windsor, Inc. markets CDs of numerous performing artists. At the beginning of March, Windsor had in beginning inventory 2,500 CDs with a unit cost of $7. During March, Windsor made the following purchases of CDs. March 21 5,000 @ $10 March 5 1,950 $8 1,950 $11 3.600 $9 March 13 March 26 During March 12,200 units were sold. Windsor 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 166950 Calculate Average Cost. (Round answer to 3 decimal places, eg. 5.125.) Average Cost $ 11.13 X 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 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST $ $ The ending inventory 101450 $ $ The cost of goods sold 65500
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