E7-4 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cont Total Cost June 1 Beginning 12 $8 11 Purchase 38 24 Purchase 20 30 Ending 24 9 11 $ 96 342 220 Required: 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (D) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 dedmal places.) Answer is complete but not entirely correct. Cost of Cost of Ending Goods Inventory Sold FIFO 220 438 X LIFO $ 96 $ 562 Weighted Average $ 219.33 $ 10,089.18 Cost