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Tamarisk, Inc. markets CDs of numerous performing artists. At the beginning of March, Tamarisk had in beginning inventory 2,600 CDs with a unit cost of $7. During March, Tamarisk made the following purchases of CDs. March 5 2,200 @ $8 March 21 5,400 @ $10 March 13 3,600 @ $9 March 26 2,200 @ $11
TOTAL units and amount = cots of good available for sale 146400 Average cost = 9.15
During March 12,100 units were sold. Tamarisk uses a periodic inventory system.
Problem 1: Determine the cost of goods available for sale.
Problem 2: Calculate Average Cost.
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