Marigold Distribution markets CDs of numerous performing artists. At the beginning of March, Marigold had in beginning inventory 3,000 CDs with a unit cost of $7. During March, Marigold made the following purchases of CDs. March 5 3,750 $8 March 21 6,500 @ $10 March 13 5,250 @ $9 March 26 4,000 $11 During March 16,000 units were sold. Marigold uses a periodic inventory system. Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for sale $ eTextbook and Media Your answer is correct. 207250 Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 2.257.) Weighted-average cost per unit $ 9.211 eTextbook and Media Your answer is correct. Your answer is 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). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to O decimal places, es. 1,250. Use weighted-average unit cost rounded to 3 decimal places for computations.) FIFO LIFO AVERAGE-COST The ending inventory $ 69000 $ 49000 $ 59872 The cost of goods sold $ 138250 $ 158250 $ 147378 eTextbook and Media X Your answer is incorrect. 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) (2) eTextbook and Media Save for Later produces the highest inventory amount, $ produces the highest cost of goods sold, $ Attempts: 2 of 3 used Submit