P6-88 Inventory Costing Methods-Perledic Method The following data are for the Cache Corporation which sells just one product Beginning inventory, January 1 Purchases: February 11 May 18 October 23 Sales March 1 July 1 October 29 1,200 1,500 1,400 1,100 1,400 1,400 1.000 Unit Cost $18 19 20 23 Calculate the value of ending Inventory and cost of goods sold of year-end using the periodic method and a first in, tout b) last-in, first-out, and (c) weighted average cost method. Round the cost per unit to 3 decimal places and round your final answers to the nearest dollar INVENTORY CALCULATIONS Cost 518 52100 Beginning inventory Purchases February 11 May 18 October 23 Unit 1,200 1,500 1,400 1.100 e @ 23 25300 Cost of goods available for sale 5.200 5101400 Ending Inventory 1.400 & Fistin, First Out October 23 May 18 $23. 525,300 1,100 units units $25,300 Cost of goods available for sale Less: Ending Inventory Cost of Goods Sold b. Last-in, Fit-Out Beginning Inventory February 11 units unitse Cost of goods available for sale Less: Ending Inventory Cost of Goods Sold c. Weighted Average Average unit cost Ending Inventory Cost of goods available for sale Less Ending Inventory Cost of goods Sold