P6.3 (LO 2) Marlow Bed and Bath had a beginning inventory of 400 units of Product Kimbo at a cost of EX per unit. During the year, purchases were: Feb.20May5200unitsat9500unitsat10Aug.12Dec.8600unitsat11300unitsat12 Marlow uses aperiefie inventory system. Sales totaled 1,500 units. Instructions a. Determine the cost of goods available for sale. b. Determine (1) the ending inventory and (2) the cost of goods sold under the two assumed cost flow methods (FIFO and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and average-cost methods. c. Which cost flow method results in (1) the lower ending inventory amount for the statement of financial position, and (2) the lower cost of goods sold for the income statement? USE PERPETUAL INVENTORY SYSTEM FOR P6.3 z