Determine cost of goods sold and P6-2A )Mullins Distribution markets CDs of numerous performing artists. At t ending inventory using FIFO, LIFO, and average-cost with analysis. March, Mullins had in beginning inventory 2,500 CDs with a unit cost of S 7. Dur- ing March, Mullins made the following purchases of CDs. March 52,000 @ $8 March 13 3,500@ $9 (LO 2), AP March 21 5,000@ $10 March 262,000@ $11 XLS During March 12,000 units were sold. Mullins uses a periodic inventory system. (b) Cost of goods sold: FIFO LIFO Average $105,000 $115,500 $109,601 Instructions (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