Concord Corporation markets CDs of numerous performing artists. At the beginning of March, Concord had in beginning inventory 2.500CDs with a unit cost of $6. During March, Concord made the following purchases of CDs. March 2,200 March 13 3,900 $7 $8 March 21 5.200 March 26 2,200 $9 $30 During March 12.200 units were sold. Concord uses a periodic inventory system Determine the cost of goods able for sale The cost of ads available for sale $ 130100 Calculate werage Cost. Round answer to 3 decimal places. 5.125 Average cost $ eTextbook and Media List of Accounts Determine (1) the ending inventory and (2) the cost of goods sold under each of themed cost methods irLirodavera-cost Round ers to decimal 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. produces the highest cost of goods sold