26. How much are the ending inventory and cost of goods sold under the FIFO - periodic cost flow formula? Ending Inventory a. 219,840 b. 112,341 c. 122,368 Cost of Goods Sold 122,368 229,867 219,840 219,804 d. 122,386 27. How much are the ending inventory and cost of goods sold under the weighted average - perpetual cost flow formula? Ending inventory a. 121,794 b. 122,468 Cost of goods sold 220,414 219,740 220,191 218,824 c. 122,017 d. 123,384 The following information applies to Abel, Inc. for 2014: Merchandise purchased for resale 400,000 do en or Freight-in 10,000 Freight-out 5,000 purchase returns 2,550