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

Concord Distribution markets CDs of numerous performing artists. At the beginning of March, Concord had in beginning inventory 2,390 CDs with a unit cost of $7. During March, Concord made the following purchases of CDs. March 5 2,030 @ $8 March 21 5,060 @ $10 March 13 3,260 @ $9 March 26 1,800 @ $11 During March 11,470 units were sold. Concord uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale $4 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). (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory %24 $4 24 The cost of goods sold $4 2$ 24 Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement? (1) produces the highest…

Blue Spruce Distribution markets CDs of numerous performing artists. At the beginning of March, Blue Spruce had in beginning inventory 2,420 CDs with a unit cost of $7. During March, Blue Spruce made the following purchases of CDs. March 5 1,800 @ $8 March 21 5,030 e $10 March 13 3,670 e $9 March 26 1.840 @ $11 During March, 12.310 units were sold. Blue Spruce uses aperiodic inventory system. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale 1349 10 eTextbook and Media List of Accounts Attempts: 1 of 3 used (b) 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). (For calculation purposes, round average cost per unit to 3 decimal places, eg 5.275. Round answers to O decimal places, eg 125) FIFO LIFO AVERAGE-COST The ending inventory 24 %24 The cost of goods sold %24

Blue Spruce Corp. markets CDs of numerous performing artists. At the beginning of March, Blue Spruce had in beginning inventory 2,600 CDs with a unit cost of $8. During March, Blue Spruce made the following purchases of CDs. March 5   2,100   @    $9   March 21   5,500   @    $11 March 13   3,700   @    $10   March 26   2,100   @    $12 During March 12,200 units were sold. Blue Spruce uses a periodic inventory system. (a)   Correct answer iconYour answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale   $enter the cost of goods available for sale in dollars  Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.)     (b)     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…

Bramble Distribution markets CDs of numerous performing artists. At the beginning of March, Bramble had in beginning inventory 4,300 CDs with a unit cost of $6. During March, Bramble made the following purchases of CDs. March 5 March 13 5,375 @ $7 7,525 $8 (a) March 21 Your answer is incorrect. March 26 During March 23,000 units were sold. Bramble uses a periodic inventory system. Determine the cost of goods available for sale. 8,450 @ $9 6,600 @ $10 Cost of goods available for sale $

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. Determine the cost of goods available for sale. The cost of goods available for sale   $enter the cost of goods available for sale in dollars  Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost   $enter an average cost in dollars  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…

Wildhorse Distribution markets CDs of numerous performing artists. At the beginning of March, Wildhorse had in beginning inventory 2,600 CDs with a unit cost of $8.00. During March, Wildhorse made the following purchases of CDs. March 5 March 13 2,100 3,700 $9.00 $10.00 March 21 March 26 Determine the cost of goods available for sale. Cost of goods available for sale 5,500 2,100 During March 12,200 units were sold. Wildhorse uses a periodic inventory system. $11.00 $12.00

Cullumber Distribution markets CDs of numerous performing artists. At the beginning of March, Cullumber had in beginning inventory 2,800 CDs with a unit cost of $8.00. During March, Cullumber made the following purchases of CDs. March 5 March 13 1,900 @ 3,200 @ Cost of goods available for sale $ $9.00 S $10.00 Determine the cost of goods available for sale. During March 11,600 units were sold. Cullumber uses a periodic inventory system. Weighted average cost per unit $ eTextbook and Media Ending inventory $ March 21 Calculate weighted average cost per unit. (Round answer to 3 decimal places, eg. 5.125.) Cost of goods sold $ March 26 eTextbook and Media i Determine (1) the ending inventory and (2) the cost of goods sold under each of the assured cost flow methods (FIFO, LIFO, and average-cost). (Round answers to O decimal places, eg. 125.) FIFO 5,200 @ 1,900 $ $11.00 $12.00 $ LIFO AVERAGE-COST

WHAT IS THE COST OF GOODS AVAILABLE FOR SALE BASE OF THE CHART ??   Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning inventory 2,000 of Unique’s CDs with a unit cost of $5. During October, Vaughn made the following purchases of Unique’s CDs. Oct. 3   2,500  @  $6   Oct. 19   3,000  @  $8 Oct. 9   3,500  @  $7   Oct. 25   4,000  @  $9 During October, 10,850 units were sold. Vaughn uses a periodic inventory system.

Subject : Accounting