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 65 units52 units from the January 6 purchase and 13 units from the January 25 purchase.

Jan.	1	Beginning inventory	150	units	@ $3.60	=	$	540.00
Jan.	6	Purchase	318	units	@ $3.10	=		985.80
Jan.	17	Purchase	555	units	@ $2.60	=		1,443.00
Jan.	25	Purchase	25	units	@ $2.30	=		57.50
		Totals	1,048	units			$	3,026.30

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 Inventory Cost of Goods Sold (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO Which method yields the lowest net income? O FIFO O Weighted average O Specific identification O LIFO