Cullumber Company markets CDs of numerous performing artists. At the beginning of March, Cullumber Company had in beginning inventory 2,690 CDs with a unit cost of $7. During March, Cullumber Company made the following purchases of CDs.
During March 11,470 units were sold. Cullumber Company uses a periodic inventory system.
(a) Determine the cost of goods available for sale.
The cost of goods available for sale
(b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.)