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5. Shown below are Flat TV's beginning inventory of a particular product and purchases duriny, January Beginning Inventory (Jan 1) Purchase (Jan 6) Purchase (Jan

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5. Shown below are Flat TV's beginning inventory of a particular product and purchases duriny, January Beginning Inventory (Jan 1) Purchase (Jan 6) Purchase (Jan 25) Total Flat TV sold 23 units of this product (10 points). Quantity 8 14 15 37 Unit Cost 185 210 225 Total cost 1,480 2,940 3.375 7.795 Assuming Flat TV uses a Periodic Inventory System determine the cost of Goods Sold and Ending Inventore for the month of January under each of the following cost flow assumptions: FIFO 8

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