Wildhorse Distribution markets CDs of numerous performing artists. At the beginning of March, Wildhorse had in beginning inventory 2,600 CDs with a unit cost of $8.00. During March, Wildhorse made the following purchases of CDs. March 5 March 13 2,100 3,700 $9.00 $10.00 March 21 March 26 Determine the cost of goods available for sale. Cost of goods available for sale 5,500 2,100 During March 12,200 units were sold. Wildhorse uses a periodic inventory system. $11.00 $12.00

Wildhorse Distribution markets CDs of numerous performing artists. At the beginning of March, Wildhorse had in beginning inventory 2,600 CDs with a unit cost of $8.00. During March, Wildhorse made the following purchases of CDs. March 5 March 13 2,100 3,700 $9.00 $10.00 March 21 March 26 Determine the cost of goods available for sale. Cost of goods available for sale 5,500 2,100 During March 12,200 units were sold. Wildhorse uses a periodic inventory system. $11.00 $12.00

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.4DC

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Options for last question are FIFO, LIFO, and Average-cost
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