Sunland Company had a beginning inventory on January 1 of 270 units of Product 4-18-15 at a cost of $19 per unit. During the year, the following purchases were made.

Sunland Company had a beginning inventory on January 1 of 270 units of Product 4-18-15 at a cost of $19 per unit. During the year, the following purchases were made. at $22 Sept. at $25 Mar. 15 July 720 units 450 units 630 units 180 units 20 at $23 Dec. 2 at $28 1,800 units were sold. Sunland Company uses a periodic inventory system. Determine the cost of goods available for sale. The cost of goods available for sale Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.23.) Average cost per units 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). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Round answers to O decimal places, e.g. 1,250.) FIFO LIFO AVERAGE-COST The ending inventory The cost of goods sold 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, $ (1) (2) M produces the highest cost of goods sold, $