CALCULATOR PRINTER VERSION RACK NE Problem 6-03A a, b1 b2, c (Part Level Submission) (Video) Monty Corp. had a beginning inventory on January 1 of 263 units of Product 4-18-15 at a cost of $22 per unit. During the year, the following purchases were made. Mar. 15 July 20 700 units 438 units at at $25 $26 Sept. 4 Dec. 2 613 units 175 units at at $28 $31 1,750 units were sold. Monty Corp. uses a periodic inventory system. (a) x Your answer is incorrect. Determine the cost of goods available for sale. The cost of goods available for sale 2189 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION LINK TO TEXT 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) FIFO results in the highest inventory amount, (2) LIFO produces the highest cost of goods sold, Click if you would like to Show Work for this question: Open Show Work