Larkspur, Inc. Inc. had a beginning inventory of 105 units of Product RST at a cost of $10 per unit. During the year, purchases were: at at Feb. 20 May 5 575 units 515 units $11 $12 Aug. 12 Dec. 8 400 units 105 units $13 $14 at at Larkspur, Inc. uses a periodic inventory system. Sales totaled 1,475 units. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 20225 e Textbook and Media Attempts: 1 of 5 used (61) Your answer is correct. Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.) Average cost per unit $ 11.897 e Textbook and Media Attempts: 2 of 5 used Your answer is correct. Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.) Average cost per unit $ 11.897 eTextbook and Media Attempts: 2 of 5 used (62) Your answer is correct. Determine the ending inventory and 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 per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO AVERAGE-COST The ending inventory $ 3030 2370 $ 2677 The cost of goods sold $ 17195 $ 17855 $ 17548 e Textbook and Media Attempts: 3 of 5 used (c) Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement? (1) LIFO results in the lowest inventory amount, $ (2) FIFO results in the lowest cost of goods sold, $ e Textbook and Media