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Monty Distribution markets CDs of the performing artist Fishe. At the beginning of October, Monty had in beginning inventory 3,200 of Fishe's CDs with a unit cost of $6. During October, Monty made the following purchases of Fishe's CDs.
Oct. 3..;@ $7Oct. 1..;@ $9Oct. 9..;@ $8Oct. 256,400 @ $10
During October, 17,440 units were sold. Monty uses a periodic inventory system.
Cost of goods available for sale $ 199200
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