Inventory Costing MethodsPeriodic Method The following information is for the Bloom Company for 2012; the company sells just one product: Units Unit Cost $10 $14 Beginning Inventory Purchases: Feb. 11 May 18 Oct. 23 200 500 400 100 16 20 At December 31, 2012, there was an ending inventory of 360 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. Round your answers to the nearest dollar. A. First-in, First-out: Ending Inventory $ 0 Cost of goods sold $ 0 B. Last-in, first-out: Ending Inventory $ 0 Cost of goods sold $ C. Weighted Average Ending Inventory $ Cost of goods sold $ 0 0