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 200 $14 Jan. 1 Purchases: Feb. 11 500 $15 May 18 400 17 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. Do not round until your final answers. Round your final answers to the nearest dollar A. First-in, First-out: Ending Inventory $ Cost of goods sold B. Last-in, first-out: Ending Inventory Cost of goods sold C. Weighted Average Ending Inventory Cost of goods sold