Question 4 Fraser Company had a beginning inventory on January 1 of 100 units of Product CRV at a cost of $200 per unit. During the year, the following purchases and returns were made: By the year end 700 units were sold. Fraser Company uses a periodic inventory system. a) Determine the Cost of Goods Available for Sale b) Determine the cost of the ending inventory and the Cost of Goods Sold under each of the following cost flow assumptions (FIFO, weighted average, and LIFO). c) Which inventory method results in the least net income? The highest