The following data are available for Sellco for the fiscal year ended on January 31, 2023: Sales Beginning inventory" 800 units 250 units $3 Purchases, in chronological order 320 units $5 420 units 57 240 units $7 Required: a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): " b. Assume that net income using the weighted-average cost flow assumption is $12,500. Calculate net income under FIFO and LIFO. Complete this question by entering your answers in the tabs below. Required A Required B Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): Note: Round unit cost to 2 decimal places. FIFO LIFO Weighted average Cost of Goods Sold Ending Inventory The following data are available for Sellco for the fiscal year ended on January 31, 2023: Sales 800 units Beginning inventory 250 units $3 Purchases, in chronological order 320 units $5 420 units $7 240 units $7 Required: a. Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and Weighted average (using a periodic inventory system): b. Assume that net income using the weighted-average cost flow assumption is $12,500. Calculate net income under FIFO and LIFO. Complete this question by entering your answers in the tabs below. Required A Required B Assume that net income using the weighted-average cost flow assumption is $12,500. Calculate net income under FIFO and LIFO. Note: Round unit cost to 2 decimal places. Net Income FIFO LIFO >