Show Attempt History Current Attempt in Progress Flint Distribution markets CDs of the performing artist Fishe. At the beginning of October, Flint had in beginning inventory 2,700 of Fishe's CDs with a unit cost of Oct. 3 3,375 $7 Oct. 19 4,050 @ 59 Oct.25 5.400 $10 Oct. 9 4.725 $8 During October 14,715 units were sold. Flint uses a periodic inventory system (a) Your answer is correct Determine the cost of goods available for sale Cost of goods available for sales 168075 (61) Your Answer Correct Answer (Used) Calculate weighted average cost per unit. (Round answer to 2 decimal places, eg. 2.25.) Weighted average cost per units 8.30 (62) Your Answer Correct Answer (Used) 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). Prove 1,250. Use weighted average unit cost rounded to 2 decimal places for computations.) FIFO LIFO AVERAGE-COST The ending inventory $ 55.215 $ 36,045 $ 45,941 The cost of goods sold S 112,860 $ 132,030 $ 122.134 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 112860 produces the highest inventory amount. $ . produces the highest cost of goods sold, 5 (2) LIFO 36045 e Textbook and Media