Problem 6-03A Bonita Industries had a beginning inventory of 100 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 May 5 640 500 units at units at $10 $11 Aug. 12 Dec. 8 460 100 units at units at $12 $13 Bonita uses a periodic inventory system. Sales totaled 1,530 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 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO 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 AVERAGE-COST The ending Inventory s The cost of goods solds SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO 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. Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Question Attempts: Unlimited