Question: Question 1 [ 1 6 points ] Southgate Inc. made purchases of a particular product in the current year as follows : Ending inventory consists

Question 1[16 points]
Southgate Inc. made purchases of a particular product in the current year as follows :
Ending inventory consists of 730 units, specifically identified as follows :
120 units from beginning inventory
210 units from the February 12 purchase
400 units from the July 20 purchase
Assuming a periodic system, determine the costs to be assigned to cost of goods sold and ending inventory using the following systems :
a. FIFO
b. LIFO
c. Weighted Average
d. Specific Identification.
 Question 1[16 points] Southgate Inc. made purchases of a particular product

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