19 10 Jasper & Williams made purchases of a particular product in the current year as follows: 2 points Jan. 1 Beginning inventory 7 Purchased July 28 Purchased Oct Purchased Totals 110 units 260 units 520 units $2.30 $ $2.40 $2.50- 253 50 units $2.60 940 units 624 1,300 130 $ 2,307 Required: 1. Ending Inventory consists of 161 units. Assuming a periodic system, determine the costs to be assigned to cost of goods sold and ending Inventory under: (Round your intermediate calculations and final answers to 2 decimal places) Ending Inventory Cost of Goods Sold a FIFO 6. Weighted average cost 2. Which method provides the lower profit? OFFO Weighted-average cost