Windsor, Inc. Inc. had a beginning inventory of $100$ units of Product RST at a cost of $$6$ per unit. During the year, purchases were:

$\backslash$table$[[$Feb$.20,630$ units,at$,$$$7,$Aug. $12,400$ units,at$,$$$9$

$($c$).$

Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement?

$(1)$ results in the lowest inventory amount, $ $$

$(2)$ results in the lowest cost of goods sold, $ $$

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$($b$2)$

Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods $($FIFO$,$ LIFO, and average$-$cost$).$ Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. $($Round per unit cost to $3$ decimal places, e$..15\mathrm{.}647$ and final answers to $0$ decimal places, e$.$g$.5,125.)$

$\backslash$table$[[,$FIFO,,LIFO,,AVERAGE$-$COST$],[$The ending inventory,$$,$$$,,$$$,],[$The cost of goods sold,$$,$$$,,$$$,]]$

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