Sandhill Distribution markets CDs of numerous performing artists At the beginning of March Sandhill had in beginning inventory 2

Question

Sandhill Distribution markets CDs of numerous performing artists At the beginning of March Sandhill had in beginning inventory 2 500 CDs with a unit cost of 8 00 During March Sandhill made the following purchases of CDs March 5 March 13 a 1 850 9 00 4 000 10 00 Your Answer Correct Answer Used During March 11 900 units were sold Sandhill uses a periodic inventory system Determine the cost of goods available for sale Cost of goods available for sale Weighted average cost per unit b March 21 March 26 Calculate weighted average cost per unit Round answer to 3 decimal places e g 5 125 Ending inventory 4 800 1 850 5 FIFO 151 650 Determine 1 the ending inventory and 2 the cost of goods sold under ach of the assumed cost flow methods FIFO LIFO and average cost Round answers to 0 decimal places e g 125 11 00 12 00 10 110 LIFO AVERAGE COST

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