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Problem 6-3A Skysong, Inc. had a beginning inventory on January 1 of 105 units of Product 4-18-15 at a cost of $21 per unit. During the year, the following purchases were made. Mar. 15 280 units at $24 Sept. 4 245 units at $27 July 20 175 units at 525 Dec 2 70 units $30 700 units were sold. Skysong, Inc. uses a periodic inventory system Determine the cost of goods available for sale The cost of goods available for sale 22015 Calculate average cost per unit. (Round answer to 2 decimal places, eg. 2.23.) Average cost per unit 4375 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 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? (1) results in the highest inventory amount, (2) produces the highest cost of goods sold, 5 Click if you would like to Show Work for this question Onan Show Work