11 The following data are avaitable for Sellco for the fiscal year ended on January 31, 2020 15 point Sales Beginning inventory Purchases. in chronological order 850 units 200 units 054 300 units 054 440 units 057 190 units $8 et ook Required: a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using periodic Inventory system): (Round unit cost to 2 decimal places.) Print Cost of Goods Sold Ending Inventory References FIFO LIFO Weighted average b. Assume that net income using the weighted average cost flow assumption is $12,100. Calculate net income under FIFO and UFO. (Round unit cost to 2 decimal places.) Net Income FIFO LIFO