CALCULATOR FULL SCREEN INTER VERSION BACK NERTE FE Whispering Winds Distribution markets CDs of numerous performing artists. At the beginning of March, whispering winds had in beginning tiventory 2,310 CDs wana unit cost of 87. During March following 1,880 March 21 5,060 $10 3,720 $9 March 26 2,060 $11 During March 10,900 units were sold Whispering Winds uses a periodic inventory system. March 5 March 13 Determine the cost of goods available for sale. The cost of goods available for sale 137950 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). (For calculation purposes round average cost to 3 decimal places, .9. 5.275. Round answers to decimal placer. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ The cost of goods sold Which cost ow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement? 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) . produces 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