Dunber distribution markets cds ofnumerous performing, Ask an Expert

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Dunber Distribution markets CDs ofnumerous performing artist. At the beginning of March, Dunbar had in beginning inventory 3,713 CDs with a unit cost of $10. During March, Dunbar made the following purchases of CDs.

March 5 2970 @ $12 March 21 7425 @ $15

March 13 5198 @ $13 March 26 2970 @ $16

During March 17820 units were sold. Dunber uses aperiodic inventory system.

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,)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91628349

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