P6-2A Dyna Distribution markets CDs of the performing artistKing James. At the b

P6-2A Dyna Distribution markets CDs of the performing artistKing James. At the begin-ning of March Dyna had in beginning inventory 1500 King James CDswith a unit cost of$7. During March Dyna made the following purchases of King JamesCDs.March 5 3500 @ $8 March 21 2000 @ $10March 13 4000 @ $9 March 26 2000 @ $11During March 10000 units were sold. Dyna uses a periodicinventory system.Instructions(a) Determine the cost of goods available for sale.(b) Determine (1) the ending inventory and (2) the cost of goodssold under each of theassumed cost ow methods (FIFO LIFO and average-cost). Prove theaccuracy of thecost of goods sold under the FIFO and LIFO methods.(c) Which cost ow method results in (1) the highest inventoryamount for the balancesheet and (2) the highest cost of goods sold for the incomestatement?