Jones Co. started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,210 and the other, $1,440. Jones sold one of the items during the year. Required Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory on the year-end financial statements, assuming use of a. FIFO? b. LIFO? c. Weighted average? W FIFO LIFO Weighted Average ces Cost of goods sold Ending inventory Jones Cested the year with me vetery During the year it purchased an idea ay tiems atsimene trees het utch cost $1210 and the other 10 Bones sond one of the sung the year Required Bodom the aftermation Home product cost would be allocated to cast af mands seigare ending rentang temend filmanca stufemetsing of Wiltered awerage Ettin mu