Inventory Costing Methods The following data are for the Evans Company, which sells just one product: Units Unit Cost 200 500 400 100 400 400 Beginning inventory January 1 Purchases: February 11 May 18 October 23 March 1 July 1 Sales $50 $70 $80 $100 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 b. LIFO $ c. Weighted average $

Inventory Costing Methods The following data are for the Evans Company, which sells just one product: Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, firstout, (b) last-in, first-out, and (c) weighted-average cost method