Exhibe 64.8 assumes that 82 ending inventory on December 31, 2020 Demonstration Problem Abercrombie Company uses a periodic inventory system and had the following beginning invent purchases during January 2020: Cost per Unit Units Jan 1 Beginning Inventory.......... 300 G 200 $14 15 16 Purchased 20 Purchased............................ Total goods available for sale... 300 a 16 800 Total Cost $ 4,200 3,000 4,800 $12,000 and Sales of units were as follows: Jan 15, 28. Total units sold. 200 units at $30 460 units at $35 660 Additional data for use in applying the specific identification method: The specific units sold were: Jan. 15 28 200 units from the January 1 units on hand S units from the January 1 units on hand 150 units from the January 16 purchase, and 235 units from the January 20 purchase Required Using the preceding information, calculate the ending inventory and the cost of goods sold for Abercrombie Company under a periodic inventory system by applying each of the three different meth- ods of inventory costing: & FIFO b. Weighted average, and Specific identification