The following information is for the inventory of mini-kettles at Flint Company Limited for the month of May: Units Unit Units Unit Date Transaction In Cost Total Sold Price Total May 1 Balance 120 $4.20 $504 6 Purchase 840 4.40 3,696 7 Sale 340 $7.00 $2,380 10 Sale 340 7.60 2,584 12 Purchase 410 4.60 1,886 15 Sale 220 7.80 1,716 18 Purchase 350 4.60 1,610 22 Sale 410 8.00 3,280 25 Purchase 500 4.40 2,200 30 Sale 220 7.40 1,628 Totals 2,220 $9,896 1,530 $11,588 Assuming that the periodic inventory method is used, calculate the inventory cost at May 31 under FIFO. Ending inventory $ eTextbook and Media Assuming that the periodic inventory method is used, calculate the inventory cost at May 31 under weighted average. (Round weighted average unit cost to 2 decimal places, e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) Ending inventory $ eTextbook and Media Which method will yield the higher current ratio or gross profit? eTextbook and Media will yield the highest ending inventory gives a higher gross profit