Check my work 11 The following data are available for Sellco for the fiscal year ended on January 31, 2020: 1.5 points Sales Beginning inventory Purchases, in chronological order 770 units 250 units @ $4 320 units @ $4 450 units @ $ 7 220 units @ $7 Skipped eBook Required: a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): (Round unit cost to 2 decimal places.) Print References Cost of Goods Sold Ending Inventory FIFO LIFO Weighted average b. Assume that net income using the weighted average cost flow assumption is $15,000. Calculate net income under FIFO and LIFO. (Round unit cost to 2 decimal places.) Net Income FIFO MA Check my work 11 The following data are available for Sellco for the fiscal year ended on January 31, 2020: 1.5 points Sales Beginning inventory Purchases, in chronological order 770 units 250 units @ $4 320 units @ $4 450 units @ $ 7 220 units @ $7 Skipped eBook Required: a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): (Round unit cost to 2 decimal places.) Print References Cost of Goods Sold Ending Inventory FIFO LIFO Weighted average b. Assume that net income using the weighted average cost flow assumption is $15,000. Calculate net income under FIFO and LIFO. (Round unit cost to 2 decimal places.) Net Income FIFO MA