Larkspur, inc. markets cds of numerous performing artists. at the beginning of march, larkspur, inc. had in beginning inventory 2,520 cds with a unit cost of $7. during march, larkspur, inc. made the following purchases of cds. march 5 2,180 @ $8 march 21 4,710 @ $10march 13 3,440 @ $9 march 26 2,120 @ $11during march 11,530 units were sold. larkspur, inc. uses a periodic inventory system. larkspur, inc. markets cds of numerous performinglarkspur, inc. markets cds of numerous performing (a) determine the cost of goods available for sale. the cost of goods available for sale $(b) calculate average cost. (round answer to 3 decimal places, e. g. 5.125.)average cost $show list of accountslink to text larkspur, inc. markets cds of numerous performinglarkspur, inc. markets cds of numerous performing 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 0 decimal places, e. g. 125.)fifolifoaverage-costthe ending inventory $$$the cost of goods sold $$$show list of accountslink to text larkspur, inc. markets cds of numerous performinglarkspur, inc. markets cds of numerous performing 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) average-costfifolifoproduces the highest inventory amount.(2) average-costfifolifoproduces the highest cost of goods sold.