Paddington Glfts made purchases of a particular product in the current year as follows: 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 "Weighted average cost".) 2. Which method provides the lower profit? 2. Which method provides the lower profit? Weighted-average cost FIFO