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 decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST $ $ The ending inventory The cost of goods sold $ $ LINK TO TEXT 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) results in the highest inventory amount, $ (2) produces the highest cost of goods sold, $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXE Problem 6-03A a, b1-b2, (Video) Sunland Company had a beginning inventory on January 1 of 180 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 490 units $22 Sept. 4 320 units at $26 250 units at $24 Dec. 2 100 units at $28 July 20 1,135 units were sold, Sunland Company uses a periodic Inventory system Determine the cost of goods available for sale The cost of goods available for sale LINK TO TEXT VIDEO SIMILAR PROBLEM Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit $ LINK TO TEXT