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Question - Vaughn Distribution markets CDs of the performing artist Unique. At the beginning of October, Vaughn had in beginning inventory 2,000 of Unique's CDs with a unit cost of $5. During October, Vaughn made the following purchases of Unique's CDs.
Oct. 1 93,000 @ $8
Oct. 2 54,000 @ $9
Oct. 3 2,500 @ $6
Oct. 9 3,500 @ $7
During October, 10,850 units were sold. Vaughn uses a periodic inventory system
Required - Determine the cost of goods available for sale.
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