*Problem 6-02A a, b1-62, (Video) Bonita Distribution markets CDs of the performing artist Unique. At the beginning of October, Bonita had in beginning inventory 2,000 of Unique's CDs with a unit cost of $7. During October, Bonita made the following purchases of Unique's CDs. Oct. 3 Oct. 9 2,500 @ $8 3,500 @ $9 Oct. 19 Oct. 25 3,000 @ $10 4,000 @ $11 During October, 10,950 units were sold. Bonita uses a periodic inventory system. x Your answer is incorrect. Try again. Determine the cost of goods available for sale. Cost of goods available for sale | 125500 x Your answer is incorrect. Try again. Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Cost per unit 8.37 x Your answer is incorrect. Try again. 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). (Round answers to o decimal places, e.g. 1,250.) FIFO AVERAGE-COST The ending inventory 49000 The cost of goods sold 76500 12400 Your answer is partially correct. Try again. 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? FIFO produces the highest inventory amount, $ 4900 (2) LIFO produces the highest cost of goods sold, s 128400