What would be the fifo- lifo and average cost for cost

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Question

Company X markets CDs of numerous performing artists. At the beginning of March, Sheffield had in beginning inventory 2,500 CDs with a unit cost of $8. During March, Sheffield made the following purchases of CDs

March 5: 1900 @ $9

March 13: 3500 @ $10

March 21: 5200 @ $11

March 26: 1900 @ $12

During March 11,500 units were sold. Company X uses a periodic inventory system

What would be the FiFO, LIFO, and average cost for the ending inventory?

What would be the FiFO, LIFO, and average cost For cost of goods sold?

Reference no: EM132404734

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