The following data are for the Evans Company, which sells just one product: Units Unit Cost Beginning inventory January 1 200 $10 Purchases: February 11 500 $14 May 18 400 $16 October 23 100 $20 Sales March 1 400 July 1 400 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out and (b) last-in, first-out.

FIFO

LIFO