Inventory Costing Methods-Periodic Method The following data are for the Portet Corporation, which sells just one product:

		Units	Unit Cost
Beginning Inventory, January 1		1,200	$15
Purchases:	February 11	1,500	$16
	May 18	1,400	17
	October 23	1,100	19
Sales:	March 1	1,400
	July 1	1,400
	October 29	1,000

Calculate the value of ending inventory and cost of goods sold at year-end using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method. Hint: For weighted-average cost, round the cost per unit to 3 decimal places and round your final answers to the nearest dollar.

a.	First-in, First-out:
	Ending Inventory
	Cost of goods sold
b.	Last-in, first-out:
	Ending Inventory
	Cost of goods sold
c.	Weighted Average
	Ending Inventory
	Cost of goods sold