Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 July 20 400 units 250 units at at $23 $24 Sept. 4 Dec. 2 330 units 100 units at at $26 $29 1,000 units were sold. Sekhon Company uses a periodic inventory system. 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? results in the highest inventory amount, $ produces the highest cost of goods sold, $