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

beginning inventory $2,800$ CDs with a unit cost of $$8\mathrm{.}00.$ During March, Cullumber made the following purchases of

CDs$.$

During March $11,600$ units were sold. Cullumber uses a periodic inventory system.

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

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$.125.)$

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.

$(2)$

produces the highest cost of goods sold.