Monty Corp. had a beginning inventory of 95 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 578 units at $9 May 5 510 units at $10 Monty Corp. uses a periodic inventory system. Sales totaled 1,520 units Aug. 12 377 units at $11 Dec. 8 99 units at $12 (a) Your answer is correct. (a) Determine the cost of goods available for sale The cost of goods available for sale (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) 16397 Average Cost 9.884 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 1 of 3 used (b) Your answer is partially correct. Try again Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost) (Round answers to 0 decimal places, e.g. 150.) FIFO LIFO AVERAGE-COST The ending inventory 1668 1112 1374 The cost of goods sold 15285 $ 14729 15024