Paddington Gifts made purchases of a particular product in the current year as follows: Mar. Jan. 1 7 July 28 Oct. 3 Beginning inventory Purchased Purchased Purchased Totals 290 units $6.50 550 units @$6.10 1,200 units @$5.50 850 units @$4.90 2,890 units - $ 1,885 3,355 6,600 4,165 $ 16,005 Required: 1. The business uses a periodic inventory system. Ending inventory consists of 110 units. Calculate the costs to be assigned to the ending inventory and to goods sold under: (Round intermediate calculations and final answers to 2 decimal places for "Weightech average cost") Ending Inventory Cost of Goods Sold a FIFO Weighted average cost b 2. Which method provides the lower profit