Question 5 of 6 > -/5 III View Policies Current Attempt in Progress Bonita Distribution markets CDs of the performing artist Unique. At the beginning of October, Bonita had in beginning inventory 1,840 of Unique's CDs with a unit cost of $7. During October, Bonita made the following purchases of Unique's CDs. Oct. 3 2.250 $8 Oct. 19 2,700 @ $10 Oct. 9 3,150 $9 Oct. 25 3.600 @ $11 During October, 9,810 units were sold. Bonita uses a periodic inventory system. Determine the cost of goods available for sale. Cost of goods available for sale $ e Textbook and Media Question 5 of 6 - /5 = Calculate weighted average unit cost per unit. (Round answer to 3 decimal places, e.g. 2.225.) Weighted average unit cost $ e Textbook and Media 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 $ $ e Textbook and Media Chapter 11 (Part 1) Question 5 of 6 - 75 III The cost of goods sold $ $ $ e Textbook and Media 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? (1) produces the highest inventory amount, $ (2) produces the highest cost of goods sold, $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit