Sunday 24 November 2019

Novak Distribution markets CDs of the performing artist Fishe. At the beginning of October, Novak had in

Novak Distribution markets CDs of the performing artist Fishe. At the beginning of October, Novak had in beginning inventory 3,300 of Fishe’s CDs with a unit cost of $7. During October, Novak made the following purchases of Fishe’s CDs.
Oct. 3
4,125 @ $8
Oct. 19
4,950 @ $10
Oct. 9
5,775 @ $9
Oct. 25
6,600 @ $11

During October, 17,985 units were sold. Novak uses a periodic inventory system.

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