32. The selected inventory costing method such as FIFO, LIFO Weighted average impacts: A. The physical flow of goods. B. The shipping terms to the buyer. C. Gross profit and net income. D. The quantity of inventory items on hand. E. Sales. 33. Sakamoto Company reported the following purchases and sales of its only product Sakamoto uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities Beginning Inventory May 1 May 5 Purchase May 10 Sales May 15 Purchase May 24 Sales A. $6,960 Units Acquired at CostUnits Sold at Retail 320 units @ $17 305 units @ $19 225 units @ $27 185 units @ $20 175 units @ $28 B. $7,160 C. $7,975 D. $14,935 E. $7,775