QUESTION 7 PFlag question Answer saved Marked out of 6.00 A. First-in, First-out: Inventory Costing Methods-Perpetual Method The following information is for the Bloom Company for 2012; the company sells just one product Ending Inventory $ Cost of goods sold Units Unit Cost Beginning Inventory $13 Jan. 1 200 Purchases Feb. 11 500 $17 B. Last-in, first-out: May 18 19 400 100 23 Oct. 23 $ Less: Ending Inventory Sales: March 400 400 July 1 Cost of goods sold Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. C. Weighted Average Do not round until your final answers. Round your final answers to the nearest dollar. Less: Ending Inventory Cost of goods sold