(c) Attemptx 3 of 3 used Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the Nighest cost of goods sold for the income statement? (1) (23 eTextbook and Media List of Accounts Save for Later produces the highest inventory amount produces the highest cost of goods sold. Attempts: 0 of 3 used Su Anwer View Policles or Show Attempt History Current Attempt in Progress 10/20 Nash's Trading Post, LLC markets CDs of numerous performing artists. At the beginning of March, Nash had in beginning Inventory 2,800 CDs with a unit cost of $8. During March, Nash made the following purchases of CDs March 5 March 13 2,200 @ $9 March 21 4.950 . $11 3,350 $10 March 26 2.200 $12 During March 12,000 units were sold. Nash uses a periodic inventory system. (a) YYour answer is correct