Inventory Costing Methods-Periodic Method The following information is for the Bud Company; the company sells just one product: Beginning Inventory Purchases: Feb. 11 May 18 Oct. 23 Units Unit Cost 200 $10 500 400 100 22 At year-end, there was an ending inventory of 340 units. Assume the use of the periodic inventory method. Calculate the value of ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted average cost method. Do not round until your final answers. Round your answers to the nearest dollar. A. First-in, First-out: Ending Inventory $ 11,560 x Cost of goods sold $ 6,040 x Last-in, first-out: Ending Inventory $ 13,640 x Cost of goods sold $ 3,960 x C. Weighted Average Ending Inventory $ 12,613 x Cost of goods sold $ 4,987 X