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Lily Company had a beginning inventory on January 1 of 190 units of Product 41815 at a cost of $20 per unit. During the year,

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Lily Company had a beginning inventory on January 1 of 190 units of Product 41815 at a cost of $20 per unit. During the year, purchases were as follows. Lily Company uses a perictic inventory system, Sales totaled 1,120 units, Determine the cost of goods available for sale. The cost of goods available for sale Calculate average cost per unit. (Round answer to 3 declmal places, es. 1.250) Average cost per unit Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and twerage cost). (Round answers to 0 decimal places, es. 1,250). eTextbookand Media Which cost flow method results in the highest imentory amount for the balance sheet? The highest cost of goods sold for the income statement? results in the highest inventory amount $ produces the highest cost of goods sold, 5

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