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

		Units	Unit Cost
Beginning Inventory	Jan. 1	200	$182
Purchases:	Feb. 11	500	$183
	May 18	400	185
	Oct. 23	100	188
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
	Cost of goods sold	Answer
B.	Last-in, first-out:
	Ending Inventory	Answer
	Cost of goods sold	Answer
C.	Weighted Average
	Ending Inventory	Answer
	Cost of goods sold	Answer