Harry and Ron own a wand shop, at year end they show an inventory balance of 300 wands. However, the following information has not beer considered: 50 wands are on consignment to Weasley's Wizards Wheezes in Diagon Alley 20 wands are in flight being delivered to one of their customers Ollivanders in Diagon Alley. Shipping terms are FOB destination 30 wands are in flight from supplier Carkitt Market to Harry and Ron Shipping terms are FOB destination. 10 wands are in flight from supplier Horizont Artefacts to Harry and Ron Shipping terms are FOB shipping point What is the correct inventory balance for Harry and Ron at year end? 410 400 380 350 Question 4 1 p! If costs are rising, which inventory costing method will result in the highest ending inventory balance for the period? Weighted average Specifc identification FIFO LIFO