During a period of inflation (i.e., increasing inventory costs), the method will report the smallest amount of ending inventory and the method will report cost of goods sold at the most current acquisition costs. Fill in the missing blanks. FIFO; LIFO weighted average; weighted average LIFO; weighted average FIFO; FIFO weighted average; FIFO LIFO; LIFO FIFO; weighted average weighted average; LIFO LIFO; FIFO Stout Company sells office chairs to its customers. On March 19 , Kolbe Corporation purchased office chairs from Stout Company for $150 per chair. Kolbe paid one-fourth of its bill on March 31 and paid the remaining three-fourths on April 12. Stout Company offers credit terms of 6/20,n/45 to its customers. Kolbe Corporation paid a total of $5,319 cash to Stout Company for the purchase of the office chairs. Calculate the number of office chairs Kolbe Corporation purchased on March 19