Inventory Costing Methods The following data are for the Miller Corporation, which sells just one product: Units Unit Cost Beginning inventory January 1 200 $36 Purchases: February 11 500 $39 400 $45 October 23 100 $54 Sales March 1 400 July 1 400 May 18 ho 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. Round your final answers to the nearest dollar. Cost of goods sold Ending inventory a. FIFO $ 31,200 $ 18,900 b. LIFO 33,600 x $ 16,500 x c. Weighted average $ 31,500 x $ 16,500 x Check