Inventory Costing Methods VanderMeer Inc. reported the following information for the month of August: Inventory, August 1 66 units $22 Purchase: August 7 August 18 August 27 During August, VanderMeer sold 143 units. The company uses a periodic inventory system. 52 units $24 64 units$25 39 units$27 Required: What is the value of ending inventory and cost of goods sold for August under the following assumptions. Cost of Goods Sold Ending Inventory Assumption 1. Of the 143 units sold, 55 cost $22, 36 cost $24, 48 cost $25, and 4 cost $27. 2. FIFO 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.) Previous Next Check My Work 5 more Check My Work uses remaining Save and Exit Submit Assignment for Grad All work saved