Part 4: Inventory Valuation Methods (25 Points) The following garage door inventory, purchase, and sales are taken from the Garage Doors for the month: Cost per $34.00 October 1: Beginning Inventory October 6 Purchase October 13 Purchase October 20 Purchase Units Unit Total Cost 78,200 2,800 $35.00 98,000 2,500 $36.00 90,000 2.400 $37.00 88,800 10,000 7,500 Total October Sales 355,000 Instructions: Assume that the company uses a periodic inventory system, the value of the ending inventory (rounded to 2 decimal places) for each inventory valuation method 1. Average Costing compute the cost of goods sold and Ending inventory: Cost of goods sold: Computations: Ending Inventory Cost of goods sold Ending inventory: Cost of goods sold: 2. LIFO Costing Computations