Inventory Costing Methods The following data are for the Evans Company, which sells just one product: Units Unit Cost 200 $10 500 $14 Beginning inventory January 1 Purchases: February 11 May 18 October 23 400 $16 100 $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 $ 10,600 $ 6,800 a. FIFO b. LIFO $ X $ X C. Weighted average $ 0 X $ 0 x