The following information is for the inventory of mini-kettles at Swifty Company Limited for the month of May: Unit Date Units In Transaction Cost Units Sold Total Unit Price Total May 1 Balance 150 $4.00 $600 6 Purchase 810 4.20 3,402 7 Sale 310 $7.20 $2,232 10 Sale 310 7.60 2,356 12 Purchase 410 4.80 1,968 15 Sale 230 7.60 1,748 18 Purchase 330 4.60 1,518 22 Sale 410 7.80 3,198 25 Purchase 560 4.60 2,576 30 Sale 230 7.40 1.702 Totals 2,260 $10,064 1,490 $11.236 Assuming that the periodic inventory method is used, calculate the inventory cost at May 31 under FIFO. $ Ending inventory Assuming that the periodic inventory method is used, calculate the inventory cost at May 31 under weighted average weighted average unit cost to 2 decimal places, eg. 52.75 and final answer to O decimal places, eg. 5,275.) $ Ending inventory Which method will yield the higher current ratio or gross profit? will yield the highest ending inventory gives a higher gross proht