Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product:

		Units	Unit Cost
Beginning Inventory	Jan. 1	200	$19
Purchases:	Feb. 11	500	$23
	May 18	400	25
	Oct. 23	100	29
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.

Do not round until your final answers. Round your final answers to the nearest dollar.

A.	First-in, First-out:
	Ending Inventory	Answer Incorrect Mark 0.00 out of 1.00
	Cost of goods sold	Answer Incorrect Mark 0.00 out of 1.00
B.	Last-in, first-out:
	Ending Inventory	Answer Incorrect Mark 0.00 out of 1.00
	Cost of goods sold	Answer Incorrect Mark 0.00 out of 1.00
C.	Weighted Average
	Ending Inventory	Answer Incorrect Mark 0.00 out of 1.00
	Cost of goods sold	Answer Incorrect Mark 0.00 out of 1.00