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Blossom Distribution market CDs of numerous performing artists. At the beginning of March, Blossom had in beginning inventory 2,800 CDs with a unit cost of $8.00. During March, Blossom made the following purchases of CDs.
March 5 2,200 @ $9.00
March 13 3,400 @ $10.00
March 21 5,400 @ $11.00
March 26 2,200 @ $12.00
During March 11,600 units were sold. Blossom uses a periodic inventory system.
(a)
Determine the cost of goods available for sale.
Cost of goods available for sale $
Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average cost per unit $
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(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(c)
The parts of this question must be completed in order. This part will be available when you complete the part above.