Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic inventory system. Beginning inventory, January 1, 2024 1,150 units @ $80 each Purchases: January 15 2,400 units @ $95 each January 21 2,200 units @ $100 each Sales: January 5 1,100 units @ $120 each January 22 1,500 units @ $130 each January 29 950 units @ $135 each Ending inventory, January 31, 2024 2,200 units Required: 1a. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2024? 1b. Which method will result in the highest ending inventory balance? 2. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. 3a