View Policies Current Attempt in Progress Wildhorse began operations on February 1. It uses a perpetual inventory system. During February, the company had the following purchases and sales. Purchases Units Unit Cost Sales Units 12 $147 Date Feb. 1 Feb. 6 Feb. 11 Feb. 14 Feb. 21 Feb. 27 8 $162 6 $172 Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (Round average cost per unit to 3 dec places, e.g. 1.286 and final answers to decimal places, eg. 5.125.) FIFO Moving Average LIFO Ending inventory e Textbook and Media Question 2 View Policies Current Attempt in Progress Skysong Distribution markets CDs of the performing artist Unique. At the beginning of October, Skysong had in beginning inventory 2,600 of Unique's CDs with a unit cost of $9. During October, Skysong made the following purchases of Unique's CDs Oct. 3 3.250 Oct. 9 4,550 $10 $11 Oct. 193,900 Oct. 255,200 $12 $13 During October, 14,170 units were sold. Skysong uses a periodic inventory system, Determine the cost of goods available for sale. Cost of goods available for sale e Textbook and Media 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 average cost per unit to 2 decimal places, eg. 1.28 and final answers to 0 decimal places, s. 5,125) FIFO LIFO Average-Cost Ending inventory Cost of goods sold $ e Textbook and Media 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 the highest inventory amount for the balance sheet, S (2) results in the highest cost of goods sold, $