Crane Distribution markets CDs of mumerous performing artists. At the beginning of March. Crane had...
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Crane Distribution markets CDs of mumerous performing artists. At the beginning of March. Crane had in beginning: inventory 2,800CD s with a unit cost of $8.00. During March, Crane made the following purchases of CD s. During March 12,000 units were sold. Crane uses a periodic inventory systers (a) Determine the cost of goods avaliabie for sale. Cost of goods avallable for sale $ Calculate weighted-average cost per unit. (Round answer to 3 decimal places, eg 51.25 ) Weighted-average cost per unit $ (b) Determine ( 2 ) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost. (Round enswers to o decimal places, es. 125.)
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