Cullumber Distribution markets CDs of numerous performing artists. At the beginning of March, Cullumber had in beginning

inventory $2,700$ CDs with a unit cost of $$6\mathrm{.}00.$ During March, Cullumber made the following purchases of CDs$.$

During March $11,700$ units were sold. Cullumber uses a periodic inventory system.

X Your answer is incorrect.

Determine the cost of goods available for sale.

Cost of goods available for sale

Calculate weighted$-$average cost per unit. $($Round answer to $3$ decimal places, e$.$g$.5\mathrm{.}125.)$

Weighted$-$average cost per unit

eTextbook and Media

X Your answer is incorrect.

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 to $0$ decimal places, e$.$g$.125.)$

X Your answer is incorrect.

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?

$(1)$

produces the highest inventory amount.

produces the highest cost of goods sold.