Check my work The following data are available for Sellco for the fiscal year ended on January 31, 2020: Sales Beginning inventory Purchases, in chronological order 800 units 220 units 320 units 410 units 230 units @ $ 4 @ $ 4 @ $ 7 @ $7 bok rences 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.) Cost of Goods Sold Ending Inventory 3.980 $ 2.660 FIFO $ 5.120 1 520 LIFO Weighted average Taw 8:00 AM Cost of Goods Sold Ending Inventory FIFO 3,980 $ 2,660 LIFO $ 5,120 $ 1,520 Weighted average b. Assume that net income using the weighted average cost flow assumption is $14,100. Calculate net income und LIFO. (Round unit cost to 2 decimal places.) Net Income FIFO LIFO Next > 2 of 4 EL