Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012, the company sells just one product: Beginning inventory Purchases Feb 1 May 18 Oct 23 Units Unit Cost 200 $11 500 515 400 12 100 21 At December 31, 2012, there was an ending inventory of 360 units. Assume the use of the periodic inventory method. Calculate the value ofending inventory and the cost of goods sold for the year using (a) first in first out, (b) last in, first-out and let 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 solds Lasten fest out Ending Inventory Cost of goods Wehted Average Ending inventor 5 Cost of goods sold STPM X