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Weighted Average: Assume the Company is converting to weighted average inventory costing. If beginning inventory at average cost approximated FIFO inventory, what are 2020 Ending Inventory and Cost of Goods Sold? Weighted Average Ending Inventory ($): of Goods Sold ($): Weighted Average Cost Method Selection: Industry prices are expected to continue to decline for the next several years. If you were managing the Company, which inventory costing method would you choose and why? Inventory Costing Method: Why? Weighted Average: Assume the Company is converting to weighted average inventory costing. If beginning inventory at average cost approximated FIFO inventory, what are 2020 Ending Inventory and Cost of Goods Sold? Weighted Average Ending Inventory ($): of Goods Sold ($): Weighted Average Cost Method Selection: Industry prices are expected to continue to decline for the next several years. If you were managing the Company, which inventory costing method would you choose and why? Inventory Costing Method: Why