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Exercise 6-15A (Algo) Periodic: Cost flow assumptions LO P3 Flora's Gifts reported the...

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Accounting

Exercise 6-15A (Algo) Periodic: Cost flow assumptions LO P3
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 96 units-68 units from the January 6 purchase and 28 units from the January 25 purchase.
(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?
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