Inventory Costing Methods-Periodic Method The Toon Company, which uses the periodic inventory system, has the following records for 2012 Units Unit Cost 100 $53 Jan 6 650 46 july 15 550 42 Beginning Inventory Dec. 28 200 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 (c) last-in, first-out Do not round until your final answers. Round your A First-in, First-out: answers to the nearest dollar Ending Inventory Cost of goods sold B. Weighted Average: Ending inventory Cost of goods soid tnding Inventory Coss of goods sold 6 7 8