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:21 ces Flora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory consists
:21 ces Flora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 63 units-51 units from the January 6 purchase and 12 units from the January 25 purchase. January 1 January 6 January 17 January 25 Beginning inventory Purchase Purchase Purchase Totals Req A to D Req E 145 units @ $3.50 303 units @ $2.80 550 units @ $2.50 24 units @ $2.20 (a-d) Determine the cost assigned to ending inventory and to cost of goods sold for the following. (e) Which method yields the lowest net income? 1,022 units Complete this question by entering your answers in the tabs below. (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO Ending Inventory $ 507.50 848.40 1,375.00 52.80 $ 2,783.70 Determine the cost assigned to ending inventory and to cost of goods sold for the following. Note: Do not round intermediate calculations and round your answers to nearest whole dollar. Cost of Goods Sold
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