Periodic inventory by three methods, cost of goods sold The units of an item wallable for sale during the year were as follows Jan 1 Inventory 40 units at 5120 Mar 10 Purchase 70 units at $136 Purchase 20 units at $142 Dec 12 Purchase Bo units at $140 There are out of the item in the physical theory at December 31. The periodic inventory system is used Determine the ending inventory cost and the cost of goods sold by the methods. Round interim calculations to one decimat and Pinatawers to the nearest whole dotar Aug 30 Cost of Ending Inventory and cost of Gonds sold Inventory Method Ending Inventory Cost of Goods Sold institut (ro) tistout (FO) 130 weighted wwe II n! NKSHEETA