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Jasper & Williams made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory Mar. 7 Purchased July 28 Purchased Oct. 3 Purchased Totals 110 units @ $2.30 = $ 253 200 units $2.40 480 400 units $2.50 1,000 se units $2.60 130 760 units $ 1,863 Required: 1. Ending Inventory consists of 154 units. Assuming a perlodic system, determine the costs to be assigned to cost of goods sold and ending inventory under: (Round your intermediate calculations and final answers to 2 decimal places.) Ending Inventory Cost of Goods Sold a FIFO b. Weighted average cost $ 337 30$ 1,485.70 2. Which method provides the lower profit? FIFO Weighted average cost