Determine cost of goods sold and ending inventory using FIFO, LIFO, and average-cost with analysis Determine cost of goods sold and ending inventory using FIFO, LIFO, and Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Glee made the following purchases of Unique's CDs. Oct. 3 2,500 @ $8 Oct. 9 3,500 @$9 Oct. 19 3,000 @ $10 Oct. 25 4,000 @ $11 During October, 10,900 units were sold. Glee uses a periodic inventory system in part (a) and (b)

a. Determine the cost of goods available for sale

b. 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). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods