Business Course 200rollpos = 4004 Return to course My Subscriptions Chayse M Question 4 Incorrect Mark 0.00 out of 55.00 Flag question eBook Pr Inventory Costing Methods-Periodic Method The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory: July 1 Beginning inventory 130 units 58 per unit 10 Purchased 150 units 59 per unit 15 Sold 160 units 26 Purchased 125 units 510 per unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first in, first-out (b) last-in, first-out, and (c) the weighted average cost methods. Round your final answers to the nearest dollar. 20000 X A First-in, First-out: Ending inventory 5 Cost of Goods Sold S B. Last-in, first-out: Ending inventory S Cost of Goods Sold 5 c. Weighted average cost: Ending inventory 5 Cost of Goods Sold S OX 10800 X OM Chack 11M