1/1 1/8 Beginning Inventory Purchase ABC co. has the following data for the month ended January 31, 2021. ABC uses periodic inventory system Date: Unit cost or selling price $25 Units 80 120 28 1/12 Sale 100 40 1/18 1/20 1/24 1/29 Purchase Sale Purchase Sale 100 27 50 45 150 110 30 45 What are total cost of ending inventory, cost of goods sold and total gross profit under each inventory method? Fill in the following blanks (Round the numbers to two decimal places Ending Inventory Cost of Goods Sold Total Gross Profit Average Cost First In First Out Last In First Out