Shamrock, Inc. markets CDs of numerous performing artists. At the beginning of March, Shamrock, Inc. had in beginning inventory 2,420 CDs with a unit cost of $7. During March, Shamrock, Inc. made the following purchases of CDs. March 5 1,800$8 March 13 3,670$9 March 21 5,030 March 26 1,840 $10 $11 During March 12,310 units were sold. Shamrock, Inc. uses a periodic inventory system. (a) De The cost of goods available for sale (b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost termine the cost of goods available for sal SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM 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 O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sold s 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? produces the highest inventory amount. produces the highest cost of goods sold