Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had in beginning inventory 2,400 of Fishes CDs with a unit cost of $6. During October, Express made the following purchases of Fishes CDs. Oct. 3 3,000 @ $7 Oct. 19 3,600 @ $9 Oct. 9 4,200 @ $8 Oct. 25 4,800 @ $10 During October, 13,080 units were sold. Express uses a periodic inventory system.

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).

C) 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?