Jasper & Williams made purchases of a particular product in the current year as follows:

Jan. $1$ Beginning inventory $110$ units @ $ $2\mathrm{.}30=$ $ $253$

Mar. $7$ Purchased $215$ units @ $ $2\mathrm{.}40=516$

July $28$ Purchased $430$ units @ $ $2\mathrm{.}50=1,075$

Oct. $3$ Purchased $50$ units @ $ $2\mathrm{.}60=130$

Totals $805$ units $ $1,974$

Required:

$1.$ Ending inventory consists of $158$ 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?

multiple choice

FIFO

Weighted$-$average cost