ttps//myousinesscourse Com/platiorm/mod/quiz/attempt.php?attempt-27027448cmid 178770 EBusinessCourse A Return to course Finish attempt. Question 1 Not complete Marked out of 5.00 PFlag question Lower-of-Cost-or-Market (LCM) Method The following data are taken from the Browning Corporation's inventory accounts: Item Unit Replacement Code Quantity Cost Cost ACE 100 $27 $24 BDF 300 29 31 GHI 400 22 18 MBS 200 24 27 Calculate the value of the company's ending inventory using the lower-of-cost-or-market method applied to each item of inventory. Ending Inventory Value: $ Check Save Answers https//mybusinesscounse.com/support?new.ticketstrue Type here to search BusinessCourse My Subscriptions 9 Da Return to course Queston 7 Marked out of 1000 Not complete F lag queston Inventory Costing Methods-Periodic Method The following data are for the Portet Corporation, which sells just one product Units Unit Cost Beginning Inventory. January 1 1.200 Purchases $15 February 11 1,500 $16 May 18 1,400 17 19 October 23 1.100 March 1 Sales 1,400 July 1 1,400 October 29 1,000 Calculate the value of ending inventory and cost of goods sold at year-end using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method. Hint: For weighted-average cost, round the cost per unit to 3 decimal places and round your final answers to the nearest dollar a First-in, First out Ending inventory s Cost of goods sold Last in, first-out b. Ending Inventory 0 Cost of goods sole cWeighted Aerage Ending inventory Cost of goods sold