In Class Exercises Periodic Inventory System Jocque Fabrics The following data are available for one item of merchandise sold by Jocque Fabrics, which uses a periodic inventory system. February On hand, 100 units at $12 each 8 Sold, 60 units for $30 each 14 Purchased, 30 units at $13 each 25 Sold, 24 units for $30 each Refer to the information provided for Jocque Fabrics. If the company uses the FIFO method, determine the following amounts: A) B) Ending inventory on February 28th? Cost of Goods sold for the month of February? Refer to the information provided for Jocque Fabrics. If the LIFO method is used, determine the following amounts: A) Ending inventory on February 28th? B) Cost of Goods sold for the month of February? Refer to the information provided for Jocque Fabrics. If the Weighted Average Cost method is used, determine the following amounts: A) B) Ending inventory on February 28th? Cost of Goods sold for the month of February