Paddington Gifts made purchases of a particular product in the current year as follows:

Jan. $1$ Beginning inventory $150$ units @ $ $5\mathrm{.}10=$ $ $765$

Mar. $7$ Purchased $410$ units @ $ $4\mathrm{.}70=1,927$

July $28$ Purchased $1,100$ units @ $ $4\mathrm{.}10=4,510$

Oct. $3$ Purchased $710$ units @ $ $3\mathrm{.}50=2,485$

Totals $2,370$ units $ $9,687$

Required:

$1.$ The business uses a periodic inventory system. Ending inventory consists of $130$ 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 "Weighted average cost".$)$

$2.$ Which method provides the lower profit?

multiple choice

FIFO

Weighted$-$average cost