Determine the ending inventory and cost of goods sold

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Reference no: EM131222584

Dunbar Distribution markets CDs of numerous performing artists. At the beginning of March, Dunbar had in beginning inventory 2,788 CDs with a unit cost of $8. During March, Dunbar made the following purchases of CDs. March 5th 2230 at $9, March 13th 3903 at $10, March 21st 5575 at $11 and March 26th 2230 at $12. During March $13, 380 units were sold.

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).

Reference no: EM131222584

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