Question1Lopez company reported the following current-year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 150 units. Determine the cost assigned to ending inventory and to cost of goods sold using (a) FIFO, and (b) UFO. (Round per unit: costs and inventory amounts to cents.) (9 marks) Marking Scheme (FIFO): 1 Mark for each step 5=5 marks Marking Scheme (UFO): 1 Mark for each step 4=4 marks