Question 9 of 10 View Policies Current Attempt in Progress Crane Distribution markets CDs of the performing artist Unique. At the beginning of October, Crane had in beginning inventory 2,000 of Unique's CDs with a unit dost of $5. During October Crane made the following purchases of Unique's CDs Oct 3 2.500 a 56 Oct 19 13.000 a $8 OCH 3,500 @ $7 Oct 25 4.000 a $9 During October 10.900 units were sold. Crane uses a periodic inventory system Determine the cost of goods available for sale. Cost of goods available for sale $ eTextbook and Media Selforate Attempts: 0 of 5 used Submit Answer Question 9 of 10 4/5 TH View Policies Current Attempt in Progress Crane Distribution markets CDs of the performing artist Unique. At the beginning of October. Crane had in beginning inventory 2,000 of Unique's CDs with a unit cost of $5. During October. Crane made the following purchases of Unique's CDs. Oct 3 2,500 @ 96 Oct 19 3,000 @ 58 du Oct 0 3,500 a $7 Oct. 25 4.000 $ During October 10,900 units were sold. Crane uses a periodic inventory system. Calculate cost per unit. (Round answer to 2 decimal places, eg 225 Cost per unit S e Textbook and Media more Attempts: O of 5 used Submit Answer Question 9 of 10 -/5 View Policies Current Attempt in Progress Crane Distribution markets CDs of the performing artist Unique. At the beginning of October, Crane had in beginning inventory 2,000 of Unique's CDs with a unit cost of $5. During October Crane made the following purchases of Unique's CD's. Oct 3 2.500 a $6 Oct 19 0.000 @ SB Oct 3,500 a $7 Oct 25 4000 @ During October 10,900 units were sold. Crane uses a periodic inventory system. la) (bn) [62 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 decimal places, eg 1.2500) FIFO LIFO AVERAGE-COST The ending inventory $ S SI The cost of goods sold S 5 e Textbook and Media Sav forte Attempts 0 of 5 used Submit Answer Question 9 of 10 > - 5 View Policies Current Attempt in Progress Crane Distribution markets CDs of the performing artist Unique. At the beginning of October. Crane had in beginning inventory 2,000 of Unique's Cos with a unit cost of $5. During October Crane made the following purchases of Unique's CDs Oct 3 2.500 @ $6 Oct. 19 3.000 a $8 Oct 9 3.500 @ $7 @t. 25 4.000 $9 During October. 10.900 units were sold. Crane uses a periodic inventory system (51) (52) Which cost flow method results in (1) the highest inventory amount for the belance sheet and (2) the highest cost of goods sold for the income statement V produces the highest inventory amounts 2) produces the highest cost of goods sold. S eTextbook and Media Se for late Attempts: O of 5 used Submit Answer Question 9 of 10