EXAMPLE 5-9, 5-10, 5-11, 5-12 VanderMeer Inc. repo LO6 Exercise 5-11 Inventory Costing Methods VanderMeer Inc. reported the following information for the month of Februa Inventory, February 1 65 units @ $20 Purchases: February 7 50 units @ $22 February 18 60 units @ $23 February 27 45 units @ $24 During February, VanderMeer sold 140 units. The company uses a periodic inve ic inventory system, uary under the follo Required What is the value of ending inventory and cost of goods sold for February under assumptions: 1. Of the 140 units sold, 55 cost $20, 35 cost $22, 45 cost $23, and 5 cost $24 2. FIFO 3. LIFO 4. Weighted average