Directions: Using the following information, calculate both Ending Inventory and Cost of Goods Sold by each of the following 3 inventory costing methods: (1) FIFO, (2) LIFO and (3) Weighted Average. Note that Sales for this period were 300 units. Show all work and summarize here: Beginning Balance Purchase #1 Purchase #2 Purchase #3 Units 150 120 80 40 Unit Cost $150 $152 $153 $155 Total Cost $22,500 $18,240 $12,240 $6,200 Periodic FIFO Ending Inventory: Periodic FIFO Cost of Goods Sold: Periodic LIFO Ending Inventory: Periodic LIFO Cost of Goods Sold: Periodic Average Cost Method Periodic Average Cost of Ending Inventory