Jasper & Williams made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory 116 units @$2.36 = $ 253 Mar. 7 Purchased 290 units @$2.46 = 696 July 28 Purchased 580 units @$2.50 = 1,450 Oct. 3 Purchased 50 units @$2.60 = 130 Totals 1,030 units $ 2,529 | Required: 1. Ending inventory consists of 179 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.) 2. Which method provides the lower profit? " Weighted-average cost FIFO