## (Solution Download) Problem 6-2A Dyna Distribution markets CDs of the performing artist King James. At the beginning of

Problem 6-2A

Dyna Distribution markets CDs of the performing artist King James.

At the beginning of March, Dyna had in beginning inventory 2,835

King James CDs with a unit cost of \$2 During March, Dyna made the

following purchases of King James CDs.

 March 5 6,615 @ \$4 March 21 3,780 @ \$13 March 13 7,560 @ \$5 March 26 3,780 @ \$14

During March, 18,900 units were sold. Dyna uses a periodic

inventory system.

Determine the cost of goods available for sale.

 The cost of goods available for sale \$

Calculate average cost per unit. (Round answer to 4

decimal places, e.g. \$2.2520.)

 Average cost per unit \$

Which cost flow method results in (1) the highest inventory

amount for the balance sheet and (2) the highest cost of goods sold

for the income statement?

 (1) FIFOLIFO produces the highest inventory amount, \$. (2) FIFOLIFO produces the highest cost of goods sold, \$.

Solution details:
STATUS
QUALITY
Approved

This question was answered on: Dec 08, 2020

Solution~000652147654216.zip (25.37 KB)

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free solution (Deadline assured. Flexible pricing. TurnItIn Report provided)

STATUS

QUALITY

Approved

Dec 08, 2020

EXPERT

Tutor