Queston 1 Answer saved Marked out of 6.00 Pag question Inventory Costing Methods-Periodic Method The Lippert Company uses the periodic inventory system. The following July data are for an item in Lippert's inventory: July 1 Beginning inventory 60 units $11 per unit 10 Purchased 80 units $12 per unit 15 Sold 50 units 26 Purchased 55 units $13 per unit eBook Print Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first in, first-out, (b) last-in, first-out, and (c) the weighted average cost methods. Round your final answers to the nearest dollar. A Fint in First out Ending Inventory T 0 Cost of Goods Sold $ Last in, first out Ending Inventory S Cost of Goods Sold: S CWeighted average cost Ending inventory S o Cost of Goods Sold Save Answers Next O