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Problem 6-3A (Part Level Submission) Ciad Company had a beginning inventory on January 1 of 150 units of Product 4-18-15 at a cost of $21 per unit. During the year, the following purchases were made. Mar. 15 $24 400 units 250 units at at Sept. 4 Dec. 2 350 units 100 units at at $27 $31 July 20 $25 1,000 units were sold. Ziad Company uses a periodic inventory system. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale 31550 SHOW SOLUTION LINK TO TEXT VIDEO: STHILAR PRORLEN (61) Your answer is correct. Calculate average cost per unit. (Round answer to 2 decimal places, c.g. 2.25.) Average cost per unit 25.24 SHOW SOLUTION LINK TO TEXT VIDEO SIMILAR PROBLEM (62) Your answer is correct. Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the con places, e.g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory 7150 5550 6310 The cost of goods sold 24400 26000 25240 SHOW SOLUTION LINK TO TEKT VIDEO SIMILAR PEM (c) Which cost flow method results in (1) the highest inventory amount for the balance sheet, and (2) the highest cost of goods sold for the income statement? (1) results in the highest inventory amount, s produces the highest cost of goods sold, s (2) LINK TO TEXT VIDEO: SIMILAR