CALCULATOR | PRINTER Vt RSION BACK NEXT Problem 6-2A (Part Level Submission) Bra

Question

CALCULATOR | PRINTER Vt RSION BACK NEXT Problem 6-2A (Part Level Submission) Bramble Distribution markets CDs of the performing artist Fishe. At the beginning of October, Bramble had in inventory 4,300 of Fishe's CDs with a unit cost of $6. During October, Bramble made the following purchases of Fishe's CDs. Oct. 3 5,375 $7 Oct. 19 6,450$9 Oct. 9 7,525 $8 Oct. 25 8,600$10 During October, 23,435 units were sold. Bramble uses a periodic inventory system. (a) [ Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for sale LINK TO TEXT VIDEO: SIMILAR PROBLEM

Explanation / Answer

Calculate cost per unit :

Cost of goods available for sale = 267675

Units of goods available for sale = (4300+5375+7525+6450+8600) = 32250 units

Cost per unit = 267675/32250 = 8.30 per unit

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