need the rest of this worked out and please provide hoe the answer was obtained?

WEEK 4 CHAPTER 6 PART 2
Problem 6-2A (Part Level Submission)
Dunbar Distribution markets CDs of numerous performing artists. At the beginning of March, Dunbar had in beginning inventory 2,500 CDs
with a unit cost of \$7. During March, Dunbar made the following purchases of CDs.
March 5
March 13

2,728
4,774

@
@

\$11
\$12

March 21
March 26

6,820
2,728

@
@

\$14
\$15

During March 16368 units were sold. Dunbar uses a periodic inventory system.

Problem 6-2A (Part Level Submission)
(a) Determine the cost of goods available for sale.
\$
The cost of goods available for sale

257,796

(b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.)
\$
Average Cost

12.60

Problem 6-2A (Part Level Submission)
Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and averagecost). (Round answerS to 0 decimal places, e.g. 125.)
FIFO

LIFO

\$

\$

\$

\$

The ending inventory

The cost of goods sold

AVERAGE-COST
\$

\$

Problem 6-4A
The management of Tinker Inc. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For
2014, the accounting records show these data.
Inventory, January 1 (10,000 units)
Cost of 120,000 units purchased
Selling price of 98,000 units sold
Operating expenses

\$ 36,000
472,620
755,300
132,800

Units purchased consisted of 35,700 units at \$3.70 on May 10; 59,100 units at \$3.90 on August 15; and 26,200 units at \$4.20 on November
20. Income taxes are 30%.
(a) Prepare comparative condensed income statements for 2014 under FIFO and LIFO.
TINKER, INC.
Condensed Income Statements
For the Year Ended December 31, 2014
FIFO

LIFO
\$

EAT_1340276208 Sales

EAT_1340276208 Cost of Goods Sold
EAT_1340276208
Beginning Inventory
EAT_1340276208
Cost of Goods Purchased
EAT_1340276208
Cost of Goods Available for Sale

\$

:
EAT_1340276208

Less

EAT_1340276208

Ending Inventory
EAT_1340276208
Cost of Goods Sold

EAT_1340276208 Gross Profit

EAT_1340276208 Operating Expenses

EAT_1340276208 Income before Income Taxes

EAT_1340276208 Income Tax Expense

\$
EAT_1340276208 Net Income / (Loss)

Solution
Problem 6-4A
FIFO LIFO

\$