Sunland Company had a beginning inventory on January 1 of 180 units of Product 4-18-15 at a cost of $20 per unit. During the year, purchases were as follows. Mar. 15 400 units at $23 Sept. 4 320 units at $26 July 20 200 units at $24 Dec. 2 100 units at $30 Sunland Company uses a periodic inventory system. Sales totaled 990 units.

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. 1,250.) F Your answer is partially correct. Which cost flow method results in the highest inventory amount for the balance sheet? The highest cost of goods sold for the income statement? results in the highest inventory amount, \$ produces the highest cost of goods sold, \$