Question: Fora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory conslsts of 96

Fora's Gifts reported the following current-month data for its only product. The company uses a periodic inventory system, and its ending inventory conslsts of 96 units -68 units from the January 6 purchase, and 28 units from the January 25 purchase. Required: Determine the cost assigned to ending inventory and to cost of goods sold for the following- (Round average cost per unit and final answers to 2 decimal places.) Which method ylelds the lowest net income? Weighted average Lifo

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