E6-7A

E-7A Inventory Costing Methods-Periodic Method The following information is for the Bloom Lo2 Company; the company sells just one product: Units 200 400 Unit Cost Beginning inventory $10 14 16 20 500 October 23.. Atyear-end, there was an ending inventory of 340 units. Assume the use of the periodic inventory method Calculate the value of ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost method