6-8A

Inventory Costing Methods - Periodic Method

The following data are for the Bloom Company, which sells just one product:

		Units	Unit Cost
Beginning Inventory,	January 1	200	$10
Purchases:	February 11	500	14
	May 18	400	16
	October 23	100	18
Sales:	March 1	400
	July 1	380

Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method. Round final answer to nearest dollar.