Inventory Costing Methods The following information is for the Bloom Company for the current year; the company sells just one product: Beginning inventory Purchases: Feb. 11... Units Unit Cost .200 $10 500 14 400 16 100 20 May 18... October 23 At December 31 there was an ending inventory of 360 units. Assume the use of the periodic inventory method. Calculate the value of (A) ending inventory and (B) the cost of goods sold for the year using the weighted-average cost method. Using the same facts, but assume no physical count of inventory is done, what are the implications of no physical count of inventory to (A) ending inventory and (B) costs of goods sold?