Ex 2 In its first month of operations, Walden Company made three purchases of identical merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $8, (3) 200 at $9. If the company uses the periodic inventory system and there are 360 units on hand at the end of the period, what is the amount of the ending inventory and the resulting cost of merchandise sold under the FIFO system? the LIFO system? the Weighted-Average system? Periodic System FilFO LIFO Weighted Average Ending Inv. CMS