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Problem 6-03A a, b1-b2, (Video) Crane 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, the following purchases were made. Mar. 15 400 units at Sept. 4 300 units at $24 $28 $33 $30 July 20 220 units at Dec. 2 100 units at 980 units were sold. Crane Company uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale $ LINK TO TEXT VIDEO: SIMILAR PROBLEM Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit LINK TO TEXT CALCULATOR FULL SCREEN PRINTER VERSION 4BACK NEXT Determine (1) the ending inventory, and (2) 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 $ 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) results in the highest inventory amount, $ (2) produces the highest cost of goods sold, $ Click if you would like to Show Work for this question: Open Show Work