Inventory Costing Methods-Periodic Method Cher Sales Corporation uses the periodic inventory system. On January 1, 2012, Chen had: 1.000 units of product A with a unit cost of $50 per unit. A surrimary of purchases and sales during 2012 follows: Unit Units Units Cost Purchased Sold Feb 2 400 S52 1,800 July 10 1.600 Aug 9 56 800 SUD Dec. 30 1,200 . Required d. Assume that Chen uses the first-in, first-out method. Compute the cost of goods sold for 2012 and the ending inventory balance at December 31, 2012, lur product A. b. Assume that Chen uses the last in, first out method. Compute the cost of goods sold for 2012 and the ending inventory balance at December 31, 2012, for product C. Assume that Chen uses the weighted average cast method. Compute the cost of goods sold for 2012 and the ending Inventory balance at December 31, 2012, for product A. Do not round until your final answers. Round your answers to the nearest collar, 0 0 a. First in stout: Ending Inventory $ Cost of Goods Sold b. Last-in first-out Endling Inventory $ Cost of Goods 500 $ c. Wrighted Average Ending Inventory $ Cost of goods sold 0 0 D 0 d. Assuming that Chen's products are perishable items, which of the three inventory costing methods would you choose to: Assure this is during a period of rising costs 1. Reflect the likely goods flow through the business? 2. Minimize income taxes for the period? 3. Report the largest amount of net income for the period? Please answer all parts of the