Question 5 Partially correct Mark 2.00 out of 3.00 P Flag question Edit question Inventory Costing Methods - Periodic Method Fortune Stores uses the periodic inventory system for its merchandise inventory. The April 1 inventory for one of the items in the merchandise inventory consisted of 120 units with a unit cost of $395. Transactions for this item during April were as follows: April 9 Purchased 40 units @ $415 per unit 14 Sold 80 units @ $620 per unit 23 Purchased 20 units @ $420 per unit 29 Sold 40 units Required a. Calculate the cost of goods sold and the ending inventory cost for the month of April using the weighted average cost method. Do not round until your final answers. Round your final answers to the nearest dollar. b. Calculate the cost of goods sold and the ending inventory cost for the month of April using the first in, first out method. c. Calculate the cost of goods sold and the ending inventory cost for the month of April using the last-in, first-out method. 24,240 x 48,160 X a. Weighted Average Ending Inventory Cost of goods Suld S b. First-In, First-out: Ending Inventory S Cost of Goods Sold: S c. Last-in, first-out: Ending Inventory Cost of Goods Sold: $ 25.000 47,400 23.700 48,700