Current Attempt in Progress Sheridan Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, purchases were as follows. $33 Mar. 15 400 units at $24 July 20 220 units at $28 Sept. 4 300 units at Dec.2 100 units at $30 Sheridan Company uses a periodic inventory system. Sales totaled 975 units. (a) Determine the cost of goods available for sale The cost of goods available for sale Assistance Used eTextbook and Media eTextbook Save for Later (61) Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit $ (62) Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to O decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST $ $ The ending inventory The cost of goods sold $ $ eTextbook and Media Save for Later (c) Which cost flow method results in the highest inventory amount for the balance sheet? The highest cost of goods sold for the income statement? results in the highest inventory amount, $ produces the highest cost of goods sold, $