Glee Distribution markets CDs of the performing artist Unique. At the beginning of October, Glee had in beginning inventory 4,200 of Unique's CDs with a unit cost of $7. During October, Glee made the following purchases of Unique's CDs. Oct. 3 5,250 @ $8 Oct. 9 7,350 @ $9 Oct. 19 6,300 @ $10 Oct. 25 8,400 @ $11 During October, 22,890 units were sold. Glee uses a periodic inventory system. * Your answer is incorrect. Try again. Determine the cost of goods available for sale. Cost of goods available for sale Your answer is correct. Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Cost per unit $9.3 x Your answer is incorrect. Try again. 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 0 decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST x X The ending Inventory 0 JO O The cost of goods sold 110 x 10 Your answer is partially correct. Try again. 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) FIFO produces the highest inventory amount, $ (2) 10 LIFO produces the highest cost of goods sold, sl