Oriole Company had a beginning inventory of 115 units of Product RST at a cost of $ 7 per unit. During the year, purchases were: Feb. 20 660 units at $8 Aug. 12 units at $ 10 430 115 May 5 520 units at $9 Dec 8 units at $11 Oriole uses a periodic inventory system. Sales totaled 1.600 units, Determine the cost of goods available for sale. The cost of goods available for sale $ Calculate Average Cost. (Round answer to 3 decimal places, eg. 5.125.) Average Cost $ 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 decimal places, eg. 150.) 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 decimal places, eg. 150) FIFO LIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ Which cost 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 goods sold for the income statement