BusinessCourse Return to course Inventory Costing Methods--Periodic Method The following data are for the Portet Corporation, which sells just one product: May 18 Units Unit Cost Beginning Inventory, January 11,200 58 Purchases February 11 1,500 9 1,400 10 October 23 1,100 14 Sales March 1 1,400 July 1 1,400 October 29 1.200 Calculate the value of ending inventory and cost of goods sold at year-end using the periodic method and (a) first-in, first-out. (b) last-in, first-out, and (c) weighted- average cost method. Round the cost per unit to 3 decimal places and round your final answers to the nearest dollar. 3. First-in, First-out Ending Inventory 3 OX Cost of goods sold OX b. Lastin, first-out Ending Inventory 0 Cost of goods sold Weighted Average Ending Inventory OX Cost of goods sold OX Type here to search BI