A company uses a periodic inventory system and reports pgrichases and sales data for its only product. Required: 1. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (d) AFO, and f(c) LIFO. 2. Compule gross profit for the four inventory methods. Enter answers in the tabs below. Determine the cost assigned to ending inventary and to cost of goods sold using specific identification. For specific idenafication, ending inventor where 275 are from the Agril 30 purchase, 5 are from the April 18 purchase, and 25 are from beginning inventory. A company uses a periodic inventory system and reports purchases and sales data for its only product. Required: 1. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (G) FFO, and ( e) LIFO, 2. Compute gross profit for the four inventory methods. Enter answers in the tabs below. A company uses a periodic inventory system and reports purchases and sales data for its only product. Required: 1. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO. 2. Compute gross profit foc the four inventory methods. Enter answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. A company uses a periodic inventory system and teports purchases and sales data for its only product. Required: 1. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (C) weighted average, (C) FIFO, and ( ( ) LIFO, 2. Compute gross profit for the four inventory methods. Enter answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold using LFO. A company uses a periodic inventory system and reports purchases and sales data for its only product. Required: 1. Determine the cost assigned to ending inventory and to cost of goods sold using (b) specificidentification, (b) weighted average, (c FFF, and (d) LIFO: 2. Compute gross profit for the four inventory methods. Enter answers in the tabs below. Compute gross pront for the four inventory methods. Note: Found cost per unit to 2 decimal places and finat enswers to the nearest whole dollars