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Oriole Company had a begining inventory of 115 units of Product RST at a cost of $7 per unit. During the year purchases were: Feb

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Oriole Company had a begining inventory of 115 units of Product RST at a cost of $7 per unit. During the year purchases were: Feb 20 $a $10 660 520 units at units at Aug. 12 Dec 8 430 115 Mays units at units at $9 $11 Orioleuses a periodic Inventory system. Sales totaled 1.600 units. Determine the cost of roads available for sale The cost of goods available for sale 5 Calculate Average Cost (Round answer to 3 decimal places 5.125) Average Cost $ Determine the ending inentory and the cost of goods sold under each of the assumed cost flow methods (FIFO LIFO, and werage cost). (Round answers to decimal places, e$ 150 FIFO UFO AVERAGE-COST $ $ The ending Inventory The cost of goods sold 5 $ e Textbook and Media List of Accounts Which cont flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement results in the lowest inventory amount for the balance sheet results in the lowest cost of foods sold for the Income statement

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