Larkspur, Inc. had a beginning inventory on January 1 of 128 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 July 20 340 units at $23 213 units at $24 Sept. 4 Dec. 2 298 units at $26 85 units at $29 850 units were sold, Larkspur, Inc. uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale $ Calculate average cost per unit. (Round answer to 2 decimal places, eg. 2.23.) Average cost per unit $ 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. (Round answers to decimal places, e.. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sold $ 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? results in the highest inventory amount, $ produces the highest cost of goods sold, $