Exercise $6-15$A $($Algo$)$ Periodic: Cost flow assumptions LO P$3$

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 $98$ units $-69$ units from the January $6$ purchase and $29$ units from the January $25$ purchase.

$($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 $D$

Determine the cost assigned to ending inventory and to cost of goods sold for the following.

Note: Do not round intermediate calculations and round your answers to nearest whole dollar.

$\backslash$table$[[,\backslash$table$[[$Ending$],[$Inventory$]],$Cost of Goods Sold$],[($a$)$ Specific identification,,$],[($b$)$ Weighted average,,$],[($c$)$ FIFO,,$],[($d$)$ LIFO,,$]]$