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Flora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 98

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Flora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 98 units-69 units from the January 6 purchase and 29 units from the January 25 purchase. Jan. 1 Beginning inventory 230 units @ $4.90 = $1, 127.00 Jan. 6 Purchase 408 units @ $4.70 = 1,917.60 Jan. 17 Purchase 635 units @ $4.20 = 2, 667.00 Jan. 25 Purchase 41 units @ $3.90 = 159.90 Totals 1, 314 units $5, 871.50 (a-d) Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to nearest whole dollar.) Ending Cost of Goods Inventory Sold (a) Specific identification (b) Weighted average (C) FIFO (d) LIFO (e) Which method yields the lowest net income? O Weighted average O FIFO O Specific identification O LIFO

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