Inventory Costing Methods-Periodic Method The following information is for the Bloom Company; the company sells just one product Units Unit Cost Beginning Inventory 200 Feb. 11 500 May 18 400 Oct. 23100 Purchases 14 16 20 At year-end, there was an ending inventory of 340 units. Assume the use of the periodic inventory method. Calculate the value of ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost method. Do not round until your final answers. Round your answers to the nearest dollar A. First-in, First-out Ending Inventory Cost of goods sold 11,560 B. Last-in, first-out: Ending Inventory 3,960 Cost of goods sold 13,440 C. Weighted Average Ending Inventory 4,900 12,500 X Cost of goods sold