2. 300 points The following data are available for Sellco for the fiscal year ended on January 31, 2017 Sales Beginning inventory Purchases, in chronological order 810 units 220 units $3 300 units $5 400 units @$7 190 units $8 Required a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): (Round unit cost to 2 decimal places.) Cost of Goods Sold Ending Inventory FIFO LIFO Weighted average b. Assume that net income using the weighted-average cost flow assumption is $15,600. Calculate net income under FIFO and LIFO. (Round unit cost to 2 decimal places.) Net Income FIFO LIFO