Problem 6-2A Mullins Distribution markets CDs of numerous performing artists., At the beginning of March, Mullins Distribution had in beginning inventory 2,500 CDs with a unit cost of $7. During March, Mullins Distribution made the following purchases of CDs March 5 2,000 $8 March 21 5,000 $10 March 13 3,500 $9 March 26 2,000 $11 During March 12,000 units were sold. Mullins Distribution uses a periodic inventory system. (a) Determine the cost of goods available for sale. The cost of goods available for sale (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost $ 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.) FIFO LIFO AVERAGE-COST The ending inventory $ The cost of goods sold SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SEMILAR PROBLEM Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of g 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