5. Below is information for DEF Corp. relating to its inventory account. DEF Corp. uses the Periodic Method of recording Inventory. Total Costs Beginning Inventory 65 units @ $5.10 331.5 Purchase 10-11 80 units @ $6.25 500 Purchase 10-20 38 units @ $7.20 273.6 Sold 100 units @ $12.00 1,200 Units available - units sold = ending inventory 65 + 80 + 38 - 100 = 83 Cost of Goods Sold under FIFO End Inventory under FIFO 100 units 65*5.1 + 35*6.25 = 550.25 (83) Ending Inventory = 38*7.2 + 45*6.25 = 554.85 Cost of Goods Sold under LIFO End Inventory under LIFO 100 units 38*7.20 + 62*6.25 = 661.10 (83) Ending Inventory = 65*5.10 + 18*6.25 = 444.00 Cost of Goods Sold under WA End Inventory under WA Weighted Average = Total costs of Units Available/Units Available (661.10+444)/(100+83) = 1,105.10/183 = 6.0388 (rounded to 4 decimal places)