Your answer is correct. Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5, 125.) Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement? (1) results in the lowest inventory amount for the balance sheet, \$ (2) results in the lowest cost of goods sold for the income statement. \$ Marigold Corp. Inc. had a beginning imventory of 95 units of Product RST at a cost of $6 per unit. During the year, purchases were: Marigold Corp. uses a periodic inventory system. Sales totaled 1,485 units