Sheridan Company markets C Ds of numerous performing artists. At the beginning of March, She inventory 2,700 CDs with a unit cost of $6. During March, Sheridan made the following purchas March 5 1950@ $7 March 13 3600@ sa March 26 1950 $10 March 21 4,800@ $9 During March 12,100 units were sold. Sheridan uses a periodic inventory system. Determine the cost of goods available for sale The cost of goods available for sale $ Calculate Average Cost. (Round answer to 3 decimal places, es. 5.125) Average Cost $ eTextbook and Media List of Accounts Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed o average-cost). (Round answers to O decimal places, es. 125) FIFO LIFO The ending inventory S The cost of goods sold s eTextbook and Media List of Accounts Which cost flow method results in (1) the highest inventory amount for the balance sheet and the income statement? (1) produces the highest inventory amount. produces the highest cost of goods sold (2)