Flint Corporation markets CDs of numerous performing artists. At the beginning of March, Flint Corporation had in
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Question:
Flint Corporation markets CDs of numerous performing artists. At the beginning of March, Flint Corporation had in beginning inventory 2,460 CDs with a unit cost of $7. During March, Flint Corporation made the following purchases of CDs.
March 5 1,890 @ $8 March 21 4,940 @ $10
March 13 3,310 @ $9 March 26 2,050 @ $11
During March 11,810 units were sold. Flint Corporation uses a periodic inventory system.
A.) Determine the Cost of Goods Available for Sale
B.) Calculate Average Cost
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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