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*Problem 6-03A Wildhorse Co. had a beginning inventory of 110 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 May 5 680 571 units at units at $10 $11 Aug. 12 Dec. 8 441 110 units at units at $12 $13 Wildhorse uses a periodic inventory system. Sales totaled 1,520 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, e.g. 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 O decimal places, e.g. 150.) FIFO L IFO 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