View Policies Current Attempt In Progress Sandhill Distribution markets CDs of numerous performing artists. At the beginning of March Sandhill had in beginning Inventory 2.500 CDs with a unit cost of $8.00. During March Sandhill made the following purchases of CDs March 5 March 13 4,000 1850 $9.00 March 21 4,800 @ $11.00 $10.00 March 26 1850 $12.00 During March 11,900 units were sold. Sandhill uses a periodic invernary system (a) Determine the cost of goods available for saile Cost of goods available for sale Calculate weighted average cost per unit (Round answer to 3 decimal places, eg 5.125) Weighted-average cost per unit S Question 6 of 6 -/15 E I 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). (Round answers to O decimal place, eg 125) Ending inventory Cost of goods sold eTextbook and Media Save for Later FIFO LIFO AVERAGE COST Attempts: 0 of 15 used Submit Aneve 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? 133 (1) produces the highest inventory amount (2) eTextbook and Media Save for Laner produces the highest cost of goods sold Attempts: 0 of 15 used Submit