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P6-2a - P6-2A Glanville Distribution markets CDs of the...

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P6-2A Glanville Distribution markets CDs of the performing artist Harrilyn Clooney. At the beginning of March, Glanville had in beginning inventory 1,500 Clooney CDs with a unit cost of $7. During March Glanville made the following purchases of Clooney CDs. March 5 3,000 @ $8 March 21 4,000 @ $10 March 13 5,500 @ $9 March 26 2,000 @ $11 During March 12,500 units were sold. Glanville uses a periodic inventory system. Correct. 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).
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