Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory 2,520 of Unique's CDs with a unit cost of $7. During October, Glee made the following purchases of Unique's CDs.
Oct. 3 2,500 @ $8 Oct. 19 3,000 @ $10
Oct. 9 3,500 @ $9 Oct. 25 4,000 @ $11
units were sold. Glee uses a periodic inventory system.
Determine the cost of goods available for sale.
Calculate cost per unit.
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