Inventory Costing Methods Carrington Inc. reported the following information for the month of October Inventory, October 1 68 units $26 Purchase: October 7 60 units $28 October 18 59 units $30 October 27 40 units o$31 During October, Carrington sold 147 units. The company uses a periodic inventory system, Required: What is the value of ending inventory and cost of goods sold for October under the following assumptions, Assumption Cost of Goods Sold 1. Of the 147 units sold, 57 cost $26.42 cost $28.44 cost $30, and 4 cost $31. 2. FIFO Ending Inventory 3. LIFO 4. Weighted average method (Round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar