Lily Distribution markets CDs of the performing artist Unique. At the beginning of October, Lily had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Lily made the following purchases of Unique's CDs. Oct. 3 2,500 $8 Oct. 19 Oct. 25 3,000 $10 4,000 @ $11 Oct. 9 3,500 @ $9 During October, 10,750 units were sold. Lily uses a periodic inventory system. Your answer is partially correct. 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 decimal places, eg. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory 46500 $ 32000 38250 The cost of goods sold 93000 $ 107500 $ 96750 e Textbook and Media Save for Later Attempts: unlimited Submit