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Determine the cost of goods available for sale

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Question - Bonita Distribution markets CDs of the performing artist Unique. At the beginning of October, Bonita had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Bonita made the following purchases of Unique's CDs.

Oct. 3..;@ $8

Oct. 1..;@ $10

Oct. 9..;@ $9

Oct. 254,000 @ $11

During October, 10,950 units were sold. Bonita uses a periodic inventory system.

Required - Determine the cost of goods available for sale.

Reference no: EM132946035

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