FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:▼ (b1)
x Your answer is incorrect. Try again.
Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.)
Cost per unit
69.75
Transcribed Image Text:Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Glee made
the following purchases of Unique's CDs.
Oct. 3 2,500 @ $8
Oct. 19 3,000 @ $10
Oct. 9 3,500 @ $9
Oct. 25 4,000 @ $11
During October, 10,900 units were sold. Glee uses a periodic inventory system.
v (a)
V Your answer is correct.
Determine the cost of goods available for sale.
Cost of goods available for sale
139,500
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