Question 2 --/5 View Policies Current Attempt in Progress Blue Spruce Corp. markets CDs of numerous performing artists. At the beginning of March, Blue Spruce had in beginning inventory 2600 CDs with a unit cost of $8. During March, Blue Spruce made the following purchases of CDs. March 5 2100 @ $9 March 13 3700 @ $10 March 21 5500 @ $11 March 26 2100 @ $12 During March 12200 units were sold. Blue Spruce uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale $ Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost $ eTextbook and Media List of Accounts 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 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ A The cost of goods sold $ A e Textbook and Media List of Accounts 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? produces the highest inventory amount. produces the highest cost of goods sold. e Textbook and Media List of Accounts Attempts: 0 of 10 used