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 $67$ units$53$ units from the January $6$ purchase and $14$ units from the January $25$ purchase.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 $67$ units$-53$ units from the January $6$ purchase and $14$ 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?

Answer is complete but not entirely correct.

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.

January $1$ Beginning inventory $155$ units @ $$3\mathrm{.}50=$ $ $542\mathrm{.}50$

January $6$ Purchase $324$ units @ $$3\mathrm{.}20=1,036\mathrm{.}80$

January $17$ Purchase $560$ units @ $$2\mathrm{.}70=1,512\mathrm{.}00$

January $25$ Purchase $26$ units @ $$2\mathrm{.}40=62\mathrm{.}40$

Totals $1,065$ units $ $3,153\mathrm{.}70$

$($a$-$d$)$ Determine the cost assigned to ending inventory and to cost of goods sold for the following.

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.

Ending Inventory Cost of Goods Sold

$($a$)$ Specific identification $$203$ correct $$2,951$ correct

$($b$)$ Weighted average $$198$ correct $$2,955$ correct

$($c$)$ FIFO $$170$ correct $$2,984$ correct

$($d$)$ LIFO

All I need is to find LIFO's Ending Inventory and its COGS