Question 6 of 6 flew Policies how Attempt History Current Attempt in Progress Vaughn Manufacturing markets CDs of numerous performing artists. At the beginning of March, Vaughn had in beginning inventory 2.500 CDs with a unit cost of a During March, Vaughn made the following purchases of CDS March 5 2000 40 19 March 21 5.100 @ $11 March 13 3M00 D 10 March 26 2,000 $12 During March 11,700 units were sold Vaughn uses a periodic inventory system, (a) Your answer correct Joid(0) Determine the cost of goods available for sale, tion 6 of 6 5/15 E . umu etermine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and verage-cost). (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ $ The cost of goods sold $ $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer stion 6 of 6 5/15 Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold fo the income statement? 1 (1) produces the highest inventory amount. (2) produces the highest cost of goods sold. e Textbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer 0)