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Determine the cost of goods available for sale

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Question - Pronghorn Corp markets CDs of numerous performing artists. At the beginning of March, Pronghorn Corp had in beginning inventory 2,600 CDs with a unit cost of $7. During March, Pronghorn Corp made the following purchases of CDs.

March 51,940@ $8March 214,990@ $10March 133,320@ $9March 261,810@ $11

During March 10,950 units were sold. Pronghorn Corp uses a periodic inventory system.

Your answer is incorrect. Try again. 

(a) Determine the cost of goods available for sale.

(b) Calculate Average Cost.

Reference no: EM131671719

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