Question 2 Tries remaining: 1 Marked out of 1.25 PFlag question Inventory Costing Methods The Toon Company, which uses the periodic inventory system, has the following records for the current year: Beginning inventory Units Unit Cost Purchases: 100 $245 Jan. 6 650 210 July 15 550 190 Dec. 28 200 180 Ending inventory at December 31 was 350 units. Compute the ending inventory and the cost of goods sold for the year using (a) first-in, first out, (b) weighted-average cost, and (c) last-in, first-out. Cost of goods sold Ending inventory a. FIFO $ b. Weighted average $ c. LIFO Check $ $ $ $