Inventory Costing Methods-Perpetual Method The following information is for the Toon Company for 2012; the company sells just one product: Beginning Inventory an. 1 200 Feb. 11 500 May 18 400 Oct. 23 100 March 1 400 400 Units Unit Cost $14 $15 17 20 Purchases Sales July 1 Calculate the value of ending inventory and cost of goods sold using the perpetual method and (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. 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: Less: Ending Inventory $ 0 0 Cost of goods sold