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Current Attempt in Progress Vista Company Inc had a beginning inventory of 100 units of Product RST at a cost of $8 per unit, During
Current Attempt in Progress Vista Company Inc had a beginning inventory of 100 units of Product RST at a cost of $8 per unit, During the year, purehases were: Vista Company uses a periodic inventory system, Sales totaled 1,500 units. (a) Determine the cost of toods available for sale. The cost of goods aryailable for tale Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round per unit cost to 3 decimal ploces, es. 15.647 and final answers to 0 decimal places, es.5.125. Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement? (1) results in the lowest irwentory amount for the balance sheet, $ (2) results in the lowest cost of goods sold for the income statement. 5
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