Whispering Winds Corp. markets CDs of numerous performing artists. At the beginning of March, Whispering Winds had in beginning inventory 2,800 CDs with a unit cost of $8. During March, Whispering Winds made the following purchases of CDs. @ $9 @ March 5 March 13 2.000 4,000 March 21 March 26 5,200 2.000 $11 $12 @ $10 @ During March 11,900 units were sold. Whispering Winds uses a periodic inventory system. (a) (b) (c). 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) produces the highest inventory amount. (2) produces the highest cost of goods sold