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. Purchased Totals 120 units @ $2.10 250 units $2.20 500 units @ $2.30 60 units e$2.45 930 unita 3 $ 252 550 1,150 147 $ 2,099 Required: 1. Ending inventory consists of 155 units. Assuming a periodic 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 2. Which method provides the lower profit? FIFO Weighted average cost