Inventory Costing Methods-Periodic Method The following information is for the Toon Company for 2012; the company sells just one product: Beginning Inventory Jan. 1 Purchases: Feb. 11 May 18 Oct. 23 Sales: March 1 July 1 Units Unit Cost 200 $112 500 $113 400 115 100 118 400 400 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted average cost method. Do not round until your final answers. Round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory$ 10,300 x Cost of goods sold $ 18,400 x B. Last-in, first-out: Ending Inventory $ 9,000 x Cost of goods sold $ 19,700 x C. Weighted Average Ending Inventory $ 9,566.66 x Cost of goods sold $