Riverbed Distribution markets CDs of numerous performing artists. At the beginning of March, Riverbed had in beginning inventory 3,600 CDs with a unit cost of $7. During March, Riverbed made the following purchases of CDs. March 13 March 5 4,500 @ $8 6,300 @ $9 March 21 7,400 @ $10 March 26 5,200 @ $11 During March 20,000 units were sold. Riverbed uses a periodic inventory system. (a) Your answer is incorrect. Determine the cost of goods available for sale. Cost of goods available for sale $
Riverbed Distribution markets CDs of numerous performing artists. At the beginning of March, Riverbed had in beginning inventory 3,600 CDs with a unit cost of $7. During March, Riverbed made the following purchases of CDs. March 13 March 5 4,500 @ $8 6,300 @ $9 March 21 7,400 @ $10 March 26 5,200 @ $11 During March 20,000 units were sold. Riverbed uses a periodic inventory system. (a) Your answer is incorrect. Determine the cost of goods available for sale. Cost of goods available for sale $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Riverbed Distribution markets CDs of numerous performing artists. At the beginning of March, Riverbed had in beginning inventory
3,600 CDs with a unit cost of $7. During March, Riverbed made the following purchases of CDs.
March 13
March 5 4,500 @ $8
6,300 @ $9
March 21
7,400 @ $10
March 26
5,200 @ $11
During March 20,000 units were sold. Riverbed uses a periodic inventory system.
(a)
Your answer is incorrect.
Determine the cost of goods available for sale.
Cost of goods available for sale
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0f2ef8f2-b48d-497b-b7e1-55b165380d96%2Fc944c031-d2c9-4d57-b0d5-b226573490a0%2Fi11z9lc_processed.png&w=3840&q=75)
Transcribed Image Text:Riverbed Distribution markets CDs of numerous performing artists. At the beginning of March, Riverbed had in beginning inventory
3,600 CDs with a unit cost of $7. During March, Riverbed made the following purchases of CDs.
March 13
March 5 4,500 @ $8
6,300 @ $9
March 21
7,400 @ $10
March 26
5,200 @ $11
During March 20,000 units were sold. Riverbed uses a periodic inventory system.
(a)
Your answer is incorrect.
Determine the cost of goods available for sale.
Cost of goods available for sale
$
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