anments/355039 Kimmel, Financial Accounting, 8e slo 1 Sratem Announcements CALCULATOR Problem 6 2A Marin Inc. markets CDs of numerous performing artists. At the beginning of March, Marin Inc had in beginning inventory 2,390 CDs with a unit cost of $8. During March, Marin Inc, made the following purchases of CDs March 5 2,110 March 21 5,000 $11 March 13 3,360 $10 March 26 1,970$12 During March 11,310 units were sold. Marin Inc, uses a periodic inventory system, (a) Determine the cost of goods available for sale. The cost of goods available for sale (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) s erage Cost 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 places, e.g. 125.) The ending inventory The cost of goods sold s Wthich 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? ' produces the highest inventory amount. " produces the highest cost of goods sold. @e6m w8. N