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 $ 253 290 units $2 40 696 580 units $2 50 1,450 50 units $2 60 130 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 ) Ending Inventory Cost of Goods Sold a FIFO b Weighted average cost 2 Which method provides the lower profit Weighted average cost FIFO

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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   $ 253 290 units   $2 40   696 580 units   $2 50   1,450 50 units   $2 60   130 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 ) Ending Inventory Cost of Goods Sold a  FIFO b  Weighted average cost 2  Which method provides the lower profit  Weighted average cost FIFO

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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

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