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Swifty Distribution markets CDs of the performing artist Unique. At the beginning of October, Swifty...

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Accounting

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Swifty Distribution markets CDs of the performing artist Unique. At the beginning of October, Swifty had in beginning inventory 2,000 of Unique's CDs with a unit cost of \$7. During October, Swifty made the following purchases of Unique's CDs. During October, 10,700 units were sold. Swifty uses a periodic inventory system. Determine the cost of goods available for sale. Cost of goods available for sale $ Your answer is correct. Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Cost per unit $ 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. 1,250.)

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