Question 4 Incorrect Mark 0.00 out of 2.00 Inventory Costing Methods P Flag question The following data are for the Evans Company, which sells just one product: Units Unit Cost Beginning inventory January 1 200 $55 Purchases: February 11 500 $77 May 18 400 $88 October 23 100 $110 Sales March 1 400 July 1 400 $ 945 x Calculate the value of ending inventory and cost of goods sold using the periodic method and is first in so Cost of goods sold Ending inventory a. FIFO 1,290 * $ 1,085 x b. LIFO 1,430 x $ C. Weighted average $ 1,357 X $ 1,018 x