Problem 6-03A Tamarisk, Inc. had a beginning inventory of 120 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 May 5 660 596 units at units at $8 $9 Aug. 12 Dec. 8 464 120 units at units at $10 $11 Tamarisk uses a periodic inventory system. Sales totaled 1,570 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 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.) LIFO AVERAGE-COST _FIFO s The ending inventory The cost of goods sold s 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