CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 14 Partially correct Mark 2.00 out of 6,00 P Flag question Inventory Costing Methods-Periodic Method The following data are for the Graham Corporation, which sells just one product: Units Unit Cost Beginning Inventory. January 1 1,200 $18 19 21 23 Purchases: February 11 ,500 1,400 October 23 ,100 ,400 1,400 October 29 ,000 May 18 Sales: March 1 July 1 Calculate the value of ending inventory and cost of goods sold for the year using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method. Round the cost per unit to 3 decimal places and round your final answers to the nearest dollar a. First-in, First-out Ending Inventory 31,600 Cost of goods sold73,200 b. Last-in, first-out Ending Inventory $60,400x Cost of goods sold $ 44,400 Calculate the value of ending inventory and cost of goods sold for the year using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method. Roundthe cost per unit to 3 decimal places and round your final answers to the nearest dollar. a. First-in, First-out: Ending Inventory31,600 Cost of goods sold 73.200 b. Last-in, first-out: Ending Inventory 60,400 x Cost of goods sold 44,400x c. Weighted Average Ending Inventory$ Cost of goods sold Check