Question 5 View Policies Show Attempt History Current Attempt in Progress Concord Corporation had a beginning inventory of 115 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 640 units at $10 Aug. 12 450 units at $12 May 5 580 units at $11 Dec. 8 115 units at $13 Concord uses a periodic inventory system. Sales totaled 1.520 units. Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 20710 Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost $ 10.9 (6) 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, eg. 150.) FIFO LIFO AVERAGE-COST The ending inventory S The cost of goods sold S