ulz/atempt.phpfattempte2/02/448cmid-1/87708page-6 usinessC OuNe Return to Course # My Subscriptions O Davic cueson Hor cope Inventory Costing Methods-Periodic Method The following data are for the Portet Corporation, which sells just one product Units init Cost Beginning Inventory January 1 1.200 February 11 $15 Purchases 1,500 $16 May 18 1,400 17 October 23 1.100 19 Sales March 1 1,400 july 1 October 29 1,400 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 rst-in, First out Ending Inventory Cost of goods sold 0 b tast in, first out Ending Inventory Cost of goods sold Weighted Average Ending inventory Cost of goods sold Tune here to search