Question 3 of 3

Question 3 Of 3 View Policies Current Attempt in Progress Buffalo Industries had a beginning inventory Of 91 units Of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 May 5 608 460 units at units at $9 $10 Aug. 12 394 Dec 8 units at units at $11 $12 Buffalo Industries uses a periodic inventory system. Sales totaled 1.490 units. (a) Determine the cost Of goods available for sale. The cost of goods available for sale (b)CalculateAverage Cost. (Round answer to 3 decima' places. e.s. 5.125.) Average Cost $ eTextbook and Media List of Accounts Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, L IFO, and average-cost). (Round answers to O decimal places, e.g. 150.) FIFO LIFO AVERAGE-COST The ending inventory The cost of gcM)ds sold eTextbook and Media List of Accounts Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement? results in the lowest inventory amount for the balance sheet. results in the lowest cost of goods sold for the income statement.