Question

Show Attempt History Current Attempt in Progress Bramble Corp, markets CDs of numerous performing artists. At the beginning of March, Bramble had in beginning inventory.co $6. During March, Bramble made the following purchases of CDs. m March March 13 2,000 @ $7 3,700 e $8 March 21 4,600 $9 March 26 2,000 @ $10 During March 11,900 units were sold. Bramble uses a periodic inventory system * Your answer is incorrect Determine the cost of goods available for sale. The cost of goods available for sale 5 1,02,200 . 5.125 Calculate Average Cost. (Round answer to 3 decimal places Average Costs 25048 e Textbook and Media List of Accounts Attempts: 2 of 6 used Submit Awe Save for Later

Answer 1

Cost of goods available for sales = $ 121,200.00 $ 8.08 Average cost = Date Transaction Qty Jan-01 Mar-05 Mar-13 Mar-21 Mar-26 Beginning inventory (+) Purchase (+) Purchase (+) Purchase (+) Purchase Total 2,700 2,000 3,700 4,600 2,000 15,000 Amount | Rate (Qty x Rate) $ 6.00 $ 16,200.00 $ 7.00 $ 14,000.00 $ 8.00 $ 29,600.00 $ 9.00 $ 41,400.00 $ 10.00 $ 20,000.00 $ 8.08 $121,200.00 Average cost = Cost of goods available for sales/ No.of goods available for sales =121200/15000= $8.08