CALCULATOR PRINTER VERSION Problem 6-2A Pearl Industries markets CDs of numerous performing artists. At the beginning of March, Pearl Industries had in beginning inventory 2,460 CDs with a unit cost a During March, Pearl Industries made the following purchases of CDs. March 5 March 13 2,1200 3,450 $8 $9 March 21 March 26 4,7000 2,020 $10 $11 During March 11,390 units were sold. Pearl Industries uses a periodic inventory system. (a) Determine the cost of goods available for sale The cost of goods available for sale (6) Calculate Average Cost. (Round answer to 3 decimal places, e.. 5.125.) Average Cost ere to search 11/23/201 Is Kimmel, Accounting, 6e Help System Announcements CALCULATOR PRINTER VERSION BACK 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 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sold 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? produces the highest inventory amount. (2) produces the highest cost of goods sold. Click if you would like to show Work for this question Open Show Work re to search 947 PM - 6 o 1128/2019