Bonita Distribution markets CDs of the performing artist King James. At the beginning of March, Bonita had in beginning inventory 1,590 King James CDs with a unit cost of 65 . During March, Bonita made the following purchases of King James CDs. During March, 9.290 units were sold. Bonita uses a periodicinventory system. Determine the cost of goods avallable for sale. The cost of goods awailable for sale Determine (1) the ending inventory and (2) the cost of goods sold under the two assumed cost flow methods (FIFO and averagecost). (Round average unit cost to 4 decimal places, e.g. 25.1672 and final answers to 0 decimal places, eg. 2,120.) Which cost flow method results in (1) the higher inventory amount for the statement of financial position and (2) the higher cost of goods sold for the income statement? (1) produces the higher inventory amount, C (2) produces the higher cost of goods sold, C