Problem 6-2A Glee Distribution markets CDs of the performing artist unique. At the beginning of October, Glee had in beginning inventory 3 360 o uniques CDs with a unit cost of7. During October, Glee made the Oct. 3 4,200 @8 Oct.19 5,040 @$.10 Oct.9 5,880 $9 Oct. 25 6,720 $11 During October, 18,312 units were sold, Glee uses a periodic inventory system. lowing pure ases of unique s CDs. Determine the cost of goods available for sale. Cast of goods available for sale Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.) Cost per unit 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. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sold 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? produces the highest inventory amount, $ produces the highest cost of goods sold, S