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Sentaro Company sells luxury clothing goods. The following information is available from the company's inventory record for Product X. A phrsical inventory on March 31,

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Sentaro Company sells luxury clothing goods. The following information is available from the company's inventory record for Product X. A phrsical inventory on March 31, 2022, shows 2,500 units on hand. Instructions: a) Assume the company uses the FIFO method, calculate the amount assigned to ending inventory on hand at March 31,2022. (Show computations) (2 marks) b) Assume the company uses the weighted average method, calculate the amount assigned to ending inventory on hand at March 31,2022 . (Show computations) ( 2 marks) c) Under which method would Net Income for the company be highest, and why? (1 mark)

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