Inventory Costing MethodsPeriodic Method The following information is for the Bloom Company for the year; the company sells just one product: Units Unit Cost Beginning Inventory Jan. 1 200 $10 Purchases: Feb. 11 500 $14 May 18 400 16 Oct. 23 100 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. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory Answer 0 Cost of goods sold Answer 0 B. Last-in, first-out: Ending Inventory Answer 0 Cost of goods sold Answer 0 C. Weighted Average Ending Inventory Answer 0 Cost of goods sold Answer 0