Show Me How Parodie inventory by three methods Cost of goods The units of an item valable for sale during the year were as Jan 1 thventory So it at 596 Mar. 10 Purchase 70 units at $100 Purchase 10 units at 110 Dec 12 Purchase 70 units at 114 There are 00 units of the item in the photory at December 31. The periodic inventory system is Determine the ending Inventory cost and the cost of goods sold by the methods. Round interim calculations to one decimal and trial areas to the newest who Aug. 30 Cost of Ending Inventory and cost of Goods Sold Inventory Method Ending Inventory cost of Goode sold First-first-out (FFO) Latin first-oot (1) Weighted average cost