Help Save & Exit Sub Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic inventory system. Beginning inveatory, January 2. 2018 1.450 unita 565 each January 15 January 21 3,000 units $80 each 2,800 units $85 each Sales anuary January 22 anuary 29 1,400 units $105 esch 1,800 units $115sch 250 units 8$120 each 2,800 umits Ending inventory, January 31, 2018 Required: 1a. Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2018? 1b. Which method will result in the highest ending inventory balance? 2. Compute cost of goods sold for January and the ending inventory using both the FIFO and LIFO methods. Complete this question by entering your answers in the tabs below Req 1A and 1B Req 2 Which method, FIFO or LIFO, will result in the highest cost of goods sold figure for January 2018 and highest ending inventory balance? ta.Hgrest cost of goods sold for 1b. Highest ending inventory balance