Periodic Cost Flows Usman Ltd provided the following information: 1. Assuming FIFO periodic cost flow assumption, what will be the COGS in FY 2017? 2. Assuming FIFO periodic cost flow assumption, what will be the ending inventory? 3. Assuming LIFO periodic cost flow assumption, what will be the COGS in FY 2017 4. Assuming LIFO periodic cost flow assumption, what will be the ending inventory? 5. Which periodic cost flow method will result in the highest gross profit