Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory3,360of Unique's CDs with a unit cost of $7.During October, Glee made the following purchases of Unique's CDs

Oct. 3 4,200@$8 Oct .19 5..;@$10

Oct. 9 5,880@$9 Oct. 25 6,720@$11

During October,18,312units were sold. Glee uses a periodic inventory system

Question 1: Calculate cost per unit

Question 2: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)

FIFO LIFO Average Cost

The ending Inventory ?? ?

The cost of good sold ? ? ?

Question 3: 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?

FIFO $?

LIFO $?