Inventory Costing Methods The following data are for the Evans Company, which sells just one product: Units Unit Cost Beginning inventory January 1 200 $70 Purchases: February 11 500 $98 May 18 400 $112 October 23 100 $140 Sales March 1 July 1 400 400 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. Cost of goods sold Ending inventory a. FIFO $ 0 $ 0 b. LIFO 0 $ 0 c. Weighted average $ 0 $ 0