Question: Inventory Costing Methods The following data are for the Evans Company, which sells just one product: Units Unit Cost Beginning inventory January 1 200 $10

Inventory Costing Methods The following data are for the Evans 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 $20 Sales March 1 400 July 1 400 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 Check

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