Problem 6-02A Bramble Corp. markets CDs of numerous performing artists. At the beginning of March, Bramble had in beginning inventory 2,700 CDs with a unit cost of $6. During March, Bramble made the following purchases of CDs. March 2,000 @ $7 March 4,600 @ $9 March 3,700 @ $8 March 2,000 @ $10 13 26 During March 11,900 units were sold. Bramble uses a periodic inventory system. 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 & LINK TO TEXT LINK TO VIDEO 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 0 decimal places, e.g. 125.) I FIFO LIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $ LINK TO TEXT LINK TO VIDEO 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) produces the highest inventory amount. (2) produces the highest cost of goods sold. Click if you would like to Show Work for this question: Open Show Work