Return to blackboard s Wayqandt, Accounting Principles, 12e Help System Announcements HACE Problem -JA Sekhon Company had a beginning inventory on January 1 of 189 units of Product 4-18-15 at a cost of $21 per unit. During the year, the following purchases were made. Mar. 15 472 units at $22 Sept. 4 389 units at $24 July 20 295 units at $23 Dec. 2 118 units $25 1,180 units were sold. Sektion Company uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale Calculate average cost per unit (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit $ Determine (1) the ending Inventory, and (2) the cost of goods sold under each of the assumed cost row methods (FIFO, LIFO, and average cost). (Round answers to decimal places, 0.g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory $ $ 5 The cost of goods sold 5 5 $ Which cout tiow method results in (1) the highest Inventory amount for the balance sheet, and (2) the highest cost of goods sold for the income statement? results in the highest inventory amount, 12) produces the highest cost of goods sold