Flag question Question 1 Partially correct Mark 0.75 out of 1.50 Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product Units Unit Cost Beginning inventory 200 $110 Purchases Feb. 11 500 5114 May 18 400 Oct 23 100 116 120 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 Do not round until your final answers. Round your answers to the nearest dollar A Finstein, First out Ending invertory 42.160 Cost of goods sold 54,480 Lastin, first out: Ending Inventory 40.240 Cost of goods sold 5 97,160 C Weighted Average Ending inventory 137.400 x Cost of goods sold 961,800