Please solve C.

Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the

income statement?

Vista Company Inc. had a beginning inventory of 100 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 at $9 Aug. 12 400 units at $ 11 600 units 500 units May 5 at $ 10 Dec. 8 100 units at $12 Vista Company uses a periodic inventory system. Sales totaled 1,500 units. (a) Your answer is correct. Determine the cost of goods available for sale The cost of goods available for sale 16800 Your answer is correct Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.) Average cost per unit $ 9882 eTextbook and Media Attempts: 2 of 5 used (52) Your answer is correct. Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, UFO, and average-cost). (Round per unit cost to 3 decimal places, eg. 15.647 and final answers to O decimal places, e.g. 5,125.) FIFO LIFO AVERAGE-COST $ $ 1970 2300 1700 The ending inventory $ $ $ 14500 15100 1482 The cost of goods sold (c) 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 inwentory amount for the balance sheet. $ () ) (2) FIFO results in the lowest cost of goods sold for the income statement, $