As expected, the holiday season was very busy for Kate and her greeting card company. In fact, most of her supplies were fully depleted by year-end, necessitating a restocking of inventory. Assume that Kate uses the periodic method of accounting for inventory and that her January beginning inventory was $0. The following transactions occurred for Kate's Cards during January of the New Year: Required a. Calculate the company's cost of goods sold and value of ending inventory for the month of January using (1) FIFO, (2) LIFO, and (3) the weighted-average cost method. Round the cost per unit to three decimal places and round your final answers to the nearest dollar. b. If the net realizable value of Kate's inventory is $4.00 per unit on January 31 , what value should be reported for her ending inventory on the January 31 balance sheet under each of the three inventory costing methods? a a 1 FIFO a 2 LIFO \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Units } & & Cost \\ \hline & & \\ \hline \end{tabular} a 3 Weighted average cost per unit Ending inventory Cost of goods sold b