Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method.

Do not round until your final answers. Round your final answers to the nearest dollar.

Inventory Costing Methods-Periodic Method The following information is for the Lite Company, which sells just one product: Units Unit Cost Beginning Inventory Jan. 1 200 $12 Purchases: Feb. 11 500 13 May 18 400 15 Oct. 23 100 17 Sales: March 1 350 July 1 440 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method. Do not round until your final answers. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory $ 0 Cost of goods sold $ 0 B. Last-in, first-out: Ending Inventory $ 0 Cost of goods sold $ 0 C. Weighted Average Ending Inventory $ 0 Cost of goods sold $ 0 Check