Question: answer it all correctly and i will give a thumbs up! the ones already selected are probably wrong so make sure to have the correct
answer it all correctly and i will give a thumbs up! the ones already selected are probably wrong so make sure to have the correct answer for them !
Metlock, Inc. markets CDs of numerous performing artists. At the beginning of March, Metlock had in beginning Inventory 2.500 CDs with a unit cost of 58. During March, Metlock made the following purchases of CD 1.850 $9 $11 4.800 March 5 March 13 March 21 March 26 4,000 $10 1.850 $12 During March 11.900 units were sold. Metlock uses a periodic Inventory system Determine the cost of goods available for sale The cost of goods available for sale $ 151650 Calculate Average Cost. (Round answer to 3 decimal places, e3 5.125) Average Cost 2011 List of Accounts Determine (1) the ending inventory and (2the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average cost). (Round answers to decimal places. 65 125.) FIFO LIFO AVERAGE-COST The ending Inventory $ 5 $ The cost of goods sold $ $ $ List of Accounts Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement? (1) - V produces the highest inventory amount FIFO V produces the highest cost of goods sold
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