Hii Sir

This is the question from book fundamental accounting fifteenth Canadian edition volume 2

Can you please send me the answer as soon as possible.

Thanks

Exercise 6-15 Aiternative cost flow assumptions-perlodic LO8 CHECK FIGURE: a. COGS $12,672 Paddington Gifts made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory... 240 units $6.00$ 1,440 500 units $5.602,800 July 28 Purchased...1,000 units $5.00 5,000 400 units $4.403,960 $13,200 Mar. 7 Purchased Oct. 3 Purchased.... Totals . 2,640 units Required The business uses a periodic inventory system. Ending inventory consists of 120 units Calculate the costs to be assigned to the ending inventory and to goods sold under: a. FIFO b. A weighted average cost basis Which method provides the lower profit and why