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(Solved): Tamarisk, Inc, Markets CDs Of Numerous Performing Artists. At The Beginning Of March, Tamarisk Had I ...

Please find average cost and show all calculations.
Tamarisk, Inc, markets CDs of numerous performing artists. At the beginning of March, Tamarisk had in beginning inventory 2,6
Calculate Average Cost. (Round answer to 3 decimal places, eg. 5.125.) Average Cost $ 9.15 List of Accounts Your answer is in
Tamarisk, Inc, markets CDs of numerous performing artists. At the beginning of March, Tamarisk had in beginning inventory 2,600 CDs with a unit cost of $7. During March, Tamarisk made the following purchases of CDs. March 5 March 13 2,200 @ $8 3,600 @ $9 March 21 5,400 @ $10 March 26 2,200 @ $11 During March 12,100 units were sold. Tamarisk uses a periodic inventory system. Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ ele $ Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Calculate Average Cost. (Round answer to 3 decimal places, eg. 5.125.) Average Cost $ 9.15 List of Accounts Your answer is incorrect. Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to decimal places, eg. 125.) FIFO AVERAGE-COST The ending inventory $ 41200 $ 28600 $ The cost of goods sold $ 105200 $ 117800 $

Expert Answer


COST OF GOODS AVAILABLE FOR SALE DATE DESCRIPTION QUANTITY PER UNIT COST TOTAL COST MARCH 1 BEGINING INV 2,600 $ 7 $ 18,200 MARCH 5 PURCHASE 2,200 $ 8 $ 17,600 MARCH 13 PURCHASE 3,600 $ 9 $ 32,400 MAR
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