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Flag question Inventory Costing Methods The following data are for the Miller Corporation, which sells just one product: Units Unit Cost Beginning inventory January 1 200 $18 Purchases: February 11 500 $20 May 18 400 $23 October 23 100 $27 Sales March 1 400 July 1 400 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. Round your final answers to the nearest dollar. Cost of goods sold Ending inventory a. FIFO 16,500 x $ 9,600 b. LIFO $ 0X $ 23 x c Weighted average $ 23 x $ 10 X