Flora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory syst

[answerhappygod]

Flora S Gifts Reported The Following Current Month Data For Its Only Product The Company Uses A Periodic Inventory Syst 1 (39.82 KiB) Viewed 58 times

Flora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending Inventory consists of 82 units-61 units from the January 6 purchase and 21 units from the January 25 purchase. Jan. 1 Beginning inventory Jan. 6 Purchase 190 units @ $4.10 - $ 779.00 366 units @ $3.90 595 units $3.40 Jan. 17 1,427.40 2,023.00 Purchase Purchase Jan. 25 33 units @ $3.10 102.30 Totals 1,184 units $4,331.70 (a-d) Determine the cost assigned to ending inventory and to cost of goods sold for the following. (e) Which method yields the lowest net income? Complete this question by entering your answers in the tabs below. Req A to D Req E Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to nearest whole dollar.) Ending Cost of Goods Sold Inventory (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO =