Pina Colada Corp. Inc. had a beginning inventory of 100 units of Product RST at a cost of $ 9 per unit. During the year, purchases were: Feb. 20 575 units at $ 10 Aug. 12 410 units at $ 12 May 5 505 units at $ 11 Dec. 8 100 units at $ 13 Pina Colada Corp. uses a periodic inventory system. Sales totaled 1,460 units. X Your answer is incorrect. Determine the cost of goods available for sale. The cost of goods available for sale 18,515 e Textbook and Media * Your answer is incorrect. Calculate average cost per unit. (Round answer to 3 decimal places, eg. 2.237.) Average cost per unit $ UA 10.891 * Your answer is incorrect. Determine the ending inventory and 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 per unit cost to 3 decimal places, e.g. 15.647 and final answers to decimal places, e.g. 5,125.) FIFO LIFO AVERAGE-COST $ 2.500 $ 2.000 $ 1,852 The ending inventory The cost of goods sold $ 16,015 $ 16,515 $ 16,663 e Textbook and Media Your answer is partially correct. Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement? (1) LIFO results in the lowest inventory amount, $ 1,852 (2) FIFO results in the lowest cost of goods sold, $ 16.015 Trythonk and Media