Flynt Company was formed on December 1, 2021. The following information is available from Flynt's inventory records for Product X. Flynt uses a periodic inventory system. January 1, 2022 (beginning inventory) Purchases: January 5, 2022 January 25, 2022 February 16, 2022 March 15, 2022 A physical inventory on March 31, 2022, shows 2,500 units on hand. Compute ending inventory and cost of goods sold using LIFO. Units Unit Cost 1,600 $18.00 2,600 $20.00 2,400 $21.00 1,000 $22.00 1,800 $23.00 Compute ending inventory and cost of goods sold using weighted average cost. Flynt awards its CEO a bonus based on the amount of net income. If the CEO wants to maximize her bonus, which inventory costing should she choose? Explain your answer.