Inventory Valuation Olivia Company has the following inventory information available: Units Units Cost Total Cost Jan 1 Beginning Inventory 110 $3.20 $352 Feb 15 Purchase 160 3.00 480 May 20 Purchase 175 3.40 595 Aug 13 Purchase 220 3.60 792 Oct 22 Purchase 140 3.80 532 Dec 21 Purchase 75 4.00 300 =880 =3051 sales: Feb 20 220 Nov 18 300 Dec 12 190 =710 Calculate ending inventory and cost of goods sold for each of the following cost flow methods. Round your final answer for ending inventory and cost of goods sold to the nearest dollar. a. LIFO b. FIFO c. Weighted Average Cost