The following data are available for Sellico for the fiscal year ended on January 31, 2017 Sales Beginning inventory Purchases, in chronological order 800 units 220 units @3 340 units @$5 450 units S7 190 units S8 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) (Round unit cost to 2 decimal places.) of Goods Ending FIFO Weighted average b. Assume that net income using the weighted-average cost flow assumption is $16,000.Calclate net income under FIFO and LIFO. (Round unit cost to 2 decimal places.) Net I FIFO LIFO