Inventory Costing Methods-Periodic Method The Toon Company, which uses the periodic inventory system, has the following records for 2012: Beginning inventory Purchases Units Unit Cost 100 $63 Jan July 15 650 Dec 20 200 898 356 550 52 50 Ending inventory at December 31, 2012, was 350 units. Compute the ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) weighted average cost, and 3 last Sa out Do not round until your final answers. Round your answers to the nearest dollar. A first in, first-out Ending Inventory S 0 Cost of goods sold s 0 Weighted Average Ending Inventury 1 Cost of goods sold s C Last in First- Ending Inventory S Cost of goods sold s O