Flounder Distribution markets CDs of the performing artist Fishe. At the beginning of October, Flounder had in beginning inventory 2,800 of Fishe's CDs with a unit cost of $6. During October, Flounder made the following purchas Oct. 3 3,500 @ $7 Oct. 19 4,200 @ $9 Oct. 9 4,900 @ $8 Oct. 25 5,600 @ $10 During October, 15,260 units were sold. Flounder uses a periodic inventory system.

Flounder Distribution markets CDs of the performing artist Fishe. At the beginning of October, Flounder had in beginning inventory 2,800 of Fishe's CDs with a unit cost of $6. During October, Flounder made the following purchas Oct. 3 3,500 @ $7 Oct. 19 4,200 @ $9 Oct. 9 4,900 @ $8 Oct. 25 5,600 @ $10 During October, 15,260 units were sold. Flounder uses a periodic inventory system.

Name: I already solved part A, just need to correct part B. Ending inventory
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Description: I already solved part A, just need to correct part B. Ending inventory for FIFO and Cost of good sold for FIFO Flounder Distribution markets CDs of the performing artist Fishe. At the beginning of October, Flounder had in beginning inventory 2,800 of

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6EA: Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement...

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Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $2,000. What was the beginning inventory if the ending inventory was $1,000?
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