Inventory Costing Methods Morrison Inc. reported the following information for the month of February Inventory, February 1 57 units @ $18 Purchase: February 7 48 units $19 February 18 62 units o $20 February 27 46 units $21 During February, Morrison sold 134 units. The company uses a periodic inventory system. Required: What is the value of ending inventory and cost of goods sold for February under the following assumptions. Assumption Cost of Goods Sold 1. Of the 134 units sold, 48 cost $18, 34 cost $19,47 cost $20, and 5 cost $21. 2,555 Ending Inventory 2. FIFO $ 3. LIFO $ 4. Weighted average method (Round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar.)