Sandhill Co. markets CDs of numerous performing artists. At the beginning of March, Sandhill Co. had in beginning inventory 2,320 CDs with a unit cost of $7. During March, Sandhill Co. made the following purchases of CDs.
| March 5 | 2,140 | @ | $8 | March 21 | 5,440 | @ | $10 | |||||||
| March 13 | 3,560 | @ | $9 | March 26 | 1,910 | @ | $11 |
During March 11,480 units were sold. Sandhill Co. 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.)
| Average Cost |
