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Splish Brothers Inc, had a beginning inventory of 135 units of Product RST at a cost of $7 per unit. During the year, purchases were:

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Splish Brothers Inc, had a beginning inventory of 135 units of Product RST at a cost of \$7 per unit. During the year, purchases were: Splish Brothers uses a periodic inventory system. Sales totaled 1,520 units. Determine the cost of goods available for sale. The cost of goods available for sale Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average Cost Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 150.) Which cost flow method results in the lowest inventory amount for the balance sheet? The lowest cost of goods sold for the income statement? results in the lowest inventory amount for the balance sheet. results in the lowest cost of goods sold for the income statement

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