Check my wor Jones Co. started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,160 and the other, $1,600. Jones sold one of the items during the year. -25 Dints Required Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory on the year-end financial statements, assuming use of eBook a. FIFO? b. LIFO? c. Weighted average? References FIFO FIFO LIFO in Weighted Average Cost of goods sold Ending inventory