Blue Spruce Corp. Inc. had a beginning inventory of 100 units of Product RST at a cost of $7 per unit. During the year, purchases were: Blue Spruce Corp. uses a periodic inventory system. Sales totaled 1,525 units. 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.) eTextbook and Media Attempts: 0 of 3 used 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, \$ eTextbook and Media Attempts: 0 of 3 used