143. Iarentory Costing Methods-Perpetual Method Using the data in P6-8B, assume that Cracker corporetion uses the perpetual inventory system. Caleulate the value of ending inventory and cost of goods sold for the year using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (6) weighted-average cost method. Round the cost per unit to three decimal places and round your final answers to the nearest dollar. If the net realizable value of the inventory at year-end is $25, how will the cost of goods sold under each method be affected? SEAIAL PROELEM: KATE'S CARDS Wow: This is a continuation of the Serial Problem: Kate's Cards from Chapiers l throught 5.) As expected, the holiday season was very busy for Kate and her grecting cand oompacvi- in fact, mos: of her supplies were fully depleted by year-end, necessitating arestocking mf moncitosy dizante thit Kate tses the periodic method of accounting for inventory and that her jaratary beginning, in:atary Required a. Caleulate the company's cost of goods sold and value of ending inventory for the month of January using (1) FIFO, (2) LIFO, and (3) the weighted-average cost method. Round the cost per unit to three decimal places and round your final answers to the nearest dollar. b. If the net realizable value of Kate's inventory is $4.00 per unit on January 31 , what value should be reported for her ending inventory on the January 31 balince sheet under each of the three inventory costing methods