Blossom Distribution markets CDs of numerous performing artists. At the beginning of March, Blossom had in beginning inventory 2,400 CDs with a unit cost of $6.00. During March, Blossom made the following purchases of CDs. March 5 March 13 2,100 @ $7.00 (a) 3,600 @ $8.00 March 211 March 26 Determine the cost of goods available for sale. Cost of goods available for sale 4,800 @ During March 11,500 units were sold. Blossom uses a periodic inventory system. 2,100 @ $9.00 $10.00

Blossom Distribution markets CDs of numerous performing artists. At the beginning of March, Blossom had in beginning inventory 2,400 CDs with a unit cost of $6.00. During March, Blossom made the following purchases of CDs. March 5 March 13 2,100 @ $7.00 (a) 3,600 @ $8.00 March 211 March 26 Determine the cost of goods available for sale. Cost of goods available for sale 4,800 @ During March 11,500 units were sold. Blossom uses a periodic inventory system. 2,100 @ $9.00 $10.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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