SERIAL PROBLEM: KATE'S CARDS Note: This is a continuation of the Serial Problem: Kate's Cards from Chapters / through 5.) SP6 As expected, the holiday season was very busy for Kate and her greeting card company. In fact, most of her supplies were fully depleted by year-end, necessitating a restocking of inventory. Assume that Kate uses the periodic method of accounting for inventory and that her January beginning inventory was $0. The following transactions occurred for Kate's Cards during January of the New Year: Kas Purchases Unit Cost Total Cost Jan. 10 Jan. 17 Jan. 23 Units 400 500 300 1,200 @ @ @ $3.00 per unit $3.50 per unit $4.00 per unit $1,200 1.750 1.200 $4,150 Total ... Sales Jan. 15.. Jan. 21... Jan. 27........................................... Total ............... . .... 360 420 380 1.160 Required a. Calculate the company's cost of goods sold and value of ending inventory for the month of Janu- ary using (1) FIFO. (2) LIFO, and (3) the weighted average cost method. Round the cost per unit to 3 decimal places and round your final answers to the nearest dollar. b. If the net realizable value of Kate's inventory is $4.00 per unit on January 31, what value should be reported for her ending inventory on the January 31 balance sheet under each of the three inventory costing methods