A company has the following inventory information and uses the periodic system: The company uses the weighted - average method of inventory costing. What is the cost of goods sold and the ending merchandise inventory? A. COGS $122.59, Merchandise Inventory $111.93 B. COGS $58.65 Merchandise Inventory $53.55 C. COGS $53 55, Merchandise inventory $58.65 D. CoGS $111.93, Merchandise Inventory $122.59