OLLEGE O anagemen IV The inventory records of Martin Corporation reflected the following information for the month of August: Unit Cost $5 $5 Transaction Number of Units 8/1 Beginning inventory 8/3 Purchase No. 1 8/5 Sale No. 1 8/7 Sale No. 2 8/11 Purchase No. 2 8/17 Sale No. 3 8/19 Purchase No. 3 8/21 Sale No. 4 8/28 Sale No. 5 8/29 Purchase No. 4 8/30 Ending inventory 400 400 600 100 1,000 700 1,000 600 600 1,200 $7 S7 $9 A. Determine the amount of the ending inventory and cost of goods sold under each of the following methods assuming the periodic inventory system. Cost of Goods Sold Ending Inventory Method a. Weighted-average S b. FIFO c. LIFO B. why would cash flow considerations relate to the choice of an inventory method