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CLICK HERE TO REVIEW LEARNING OEJECTIVES Points out of 1000 Inventory Costing Methods-Periodic Method Fortune Stores uses the periodic inventory system for its merchandise inventory.

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CLICK HERE TO REVIEW LEARNING OEJECTIVES Points out of 1000 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 $335. Transactions for this item during April were as follows: 14 Sald 80 units 3560 per unit 23 Purchased 20 units 5360 pec ooitE 40 units Reguired 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 final answers. 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-in, first out 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. Cast of goods Sald S

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