Problem 6-3A Headlands Industries had a beginning inventory of 99 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 584 units at $9 May 5 S50 units at $10 Headlands Industries uses a periodic inventory system. Sales totaled 1,460 units Aug. 12 367 units at $11 Dec. 8 96 units at $12 [v] Your answer is correct. (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 16737 9.869 SHOW LIST OF ACCOUNTS SHOW SOLUTIONSHOW ANSWER LINK TO TEXT VIDEO: SIMILAR PROBLEM Your answer is incorrect. Try again 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 LIFO AVERAGE-COST The ending inventory 1944 1656 5427 The cost of goods sold 14793 15081 11309