(4) Arrente 9 ar wast tas ceespein in 1 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, $ Swifty Distribution markets CDs of the performing artist Unique. At the beginining of October, Swifty had in beginning inventory 2,000 of Uniques CDs with a unit cost of $7. During October, Swifty made the following purchases of Unique's CDs. During October, 10,700 units were sold Swifty uses a periodic inventory system. (a) Determine the cost of goods available for sale Cost of goods avaliable for sale Calculate cost per unit (Round answer to 2 decimal places, e.g. 2.25.) Cost per unit eTextbook and Media Attempts: 0 of 5 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). (Round answers to 0 decimal piaces, e.g. 1,250.) Which cost flow method results in (1) the highest imentory amount for the balance sheet and (2) the highest cost of goods sold for the income statement? (1) produces the highest inventory amount.s (2) produces the highest cost of goods sold, $