new Maoung Cara Schoult meducation.com2giddiem He Wind er 5 Served Help Save & Exit Submit The following data are available for Sellco for the fiscal year ended on January 31, 2020: Sales Beginning inventory Purchases, in chronological order 770 units 260 unitses 350 unitses 390 unitse$7 230 unitness Required: a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): (Round unit cost to 2 decimal places.) Cost of Goods Sold Ending Inventory FIFO LIFO Weighted average b. Assume that net income using the weighted-average cost flow assumption is $12.100. Calculate net income under FIFO and LIFO. (Round unit cost to 2 decimal places.) LIFO Weighted average b. Assume that net income using the weighted-average cost flow assumption is $12,100. Calculate net income under FIFO and LIFO. (Round unit cost to 2 decimal places.) Net Income FIFO LIFO G Search or type URL