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 60 units-50 units from the January 6 purchase and 10 units from the January 25 purchase. 840 Jan. 1 Beginning inventory Jan. 6 Purchase Jan 17 Purchase Jan. 25 Purchase Totals 138 units $3.00 $ 414 300 units $2.80 = 540 units $2.30 1,242 22 units$2.00 44 1,000 units$ 2,540 (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. Reg A to DReq 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 Inventory Cost of Goods Sold ( a) Specific identification (b) Weighted average ( ) FIFO ( d) LIFO

15 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 60 units--50 units from the January 6 purchase and 10 units from the January 25 purchase Jan. 1 Beginning inventory Jan. 6 Purchase Jan 17 Purchase Jan. 25 Purchase Totals 138 units @ $3.00 -5 414 300 units @ $2.80 840 540 units @ $2.30 = 1.242 22 units @ $2.00 44 1,000 units $ 2.540 (n-d) Determine the cost assigned to ending inventory and to cost of goods sold for the following le) Which method yields the lowest net income? Complete this question by entering your answers in the tabs below. Reg A to RegE 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 Dearest whole dollar) Ending Inventory Cost of Goods Sold (al Specific identification (b) Weighted average FIFO id) LIFO RE > omheducation.com ACCT MO Anting-0219 Mustion 15 Shon Saved Chapter 5 Flora's Gifts reported the following current month data for its only product. The ending inventory consists of 60 units-50 units from the January 6 purchase a Jan. 1 Beginning inventory Jan. 6 Purchase Jan 17 Purchase Jan 25 Purchase Totats 138 units @ $3.00 $ 414 300 units a $2.80 840 548 units @ $2.38 1,242 22 units @ $2.00 44 1,000 units $ 2.540 (a-d) Determine the cost assigned to ending inventory and to cost of goods sol le) Which method yields the lowest net income? Complete this question by entering your answers in the tabs below. Reg A to D Rea Which method yields the lowest net income? Which method yields the lowest net income?