The units of an item available for sale during the year were as follows:

There are 208 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods, presenting your answers in the following form:

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180 units at $108 Jan. Inventory Purchase Purchase Purchase 224 units at $110 200 units at $116 196 units at $120 Mar. 10 Aug. 30 Dec. 12 Inventory Method a. First-in, first-out b. Last-in, first-out c. Weighted average cost Ending Inventory 2$ Cost of Goods Sold