eBook Print Ovestier 1 Answer saved Marked out of 3.00 P Flag question Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product: Beginning Invertory Purchases Feb. 11 May 18 Oct. 23 Units Unit Cost 200 $10 500 $14 400 16 100 20 $ At December 31, 2012, there was an ending inventory of 360 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. Round your answers to the nearest dollar. A. First in, First out: Ending Inventory Cost of goods sold Last-in, first-out: Ending Inventory Cost of goods sold $ C Weighted Average Ending Inventory Cost of goods sold $ B Save Answers Next