Current Attempt in Progress Skysong Distribution markets CDs of the performing artist King James, At the beginning of March. Slysong had in beginning irventory 1,570 King James CDs with a unit cost of 7. During March, Skysong made the following purchases of King James CDs: During March, 9,420 units were sold. Skysong uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale Determine (1) the ending inventory and (2) the cost of goods soid under the two assumed cost flow methods (FiFO and averago: cost). (Round average unit cost to 4 decimal places, e.g. 25.1672 and final answers to 0 decimal places, e.g. 2.120.) Which cost flow method results in (1) the higher inventory amount for the statement of financial position and (2) the higher cost of goods sold for the income statement? (1) produces the higher inventory amount, (2) produces the higher cost of goods sold