US.M US S50/5snments/386601/ Submitted to Gradebook, Wed Mar 11, 2020, 10:38:41 AM (America New York-0400 05/1 Question 13 View Polides Show Attempt History Current Attempt in Progress Bridgeport Distribution markets CDs of the performing artist Fishe. At the beginning of October, Bridgeport had in beginning inventory 4400 of Fishe's CDs with a unit cost of $7. During October, Bridgeport made the following purchases of Fishe's CDs Oct. 3 Oct. 5.500 e $8 7,700 a $9 Oct. 19 Oct 25 6,600 a $10 8,800 $11 During October, 23,900 units were sold. Bridgeport uses a periodic Inventory system ~ Your answer is correct Determine the cost of goods available for sale Cost of goods wallable for sales eTextbook and Media Attempts of used 6:23 PM L uis Jasses/550001 Your Answer Correct Answer X Your answer is incorrect 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 gods sold under the FIFO and LIFO methods. (Round answers to decimal places. 1.250. Use weighted average unit cost rounded to 2 decimal places for computations) FIFO AVERAGE COST The ending inventory $ The cost of goods sold $ e Textbook and Media Solution Assistance Used Attempts of used Which cost flow method results in (1) the highest inventory amount for the balance shee boods sold for the income statement? produces the highest inventory amounts - produces the highest cost of goods sold e Textbook and Media Attentots of used Sum mer 6:23 PM