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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 $

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 $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
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 $
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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