Chapter 0 QUIZ Navigation Finish attempt Question 1 Not complete Marked out of 5.00 P Inventory Costing Methods - Periodic Method Fortune Stores uses the periodic inventory system for its merchandise inventory. The prill inventory for one of the items in the merchandise inventory consisted of 120 Ap 0 u rchased 14 Sold 80 23 Purchased 20 29 Sold 40 perunt berunt 1 50 per 5550 perunt Required a. Calculate the cost of goods sold and the ending inventory cost for the month of April using the weighted average cost method. Do not round until your finalwers. Round your final answers to the nearest dollar b. Calculate the cost of goods sold and the ending inventory cost for the month of April using the first infirmout method c. Calculate the cost of goods sold and the ending inventory cost for the month of April using the last in first-out method COST of Goods Soos Cost of Goods solo Check Save Answers Finish attempt... Question 1 Not complete Marked out of 5.00 P Flag question Inventory Costing Methods - Periodic Method Fortune Stores uses the periodi April 9 Purchased 40 units @ $345 per unit 14 Sold 80 units @ $550 per unit 23 Purchased 20 units @ $350 per unit 29 Sold 40 units@ $550 per unit Required a. Calculate the cost of goods sold and the ending inventory cost for the month of b. Calculate the cost of goods sold and the ending inventory cost for the month of c. Calculate the cost of goods sold and the ending inventory cost for the month of a. Weighted Average Ending inventory Cost of goods Sold 5 6. First-In, First-out: Ending Inventory S Cost of Goods Sold: $ Last-in. first-out: Ending Inventory. $ Cost of Goods Sold: $ Check Save Answers Inventory Costing Methods - Periodic Method Fortune Stores uses the periodic inventory system for its merchandise inventory. The April 1 inventory for one of the items in the merchandise inventory consisted of 120 units with a unit cost of $330. Transactions for 1this item during April were as follows