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Inventory Costing Methods-Periodic Method The Lippert Company uses the periodic inventory system. The following july data are for an item in Lippert's inventory July 1 Beginning inventory 35 units$13 per unit 10 Purchased 15 Sold 26 Purchased 55 unts e $14 per unit 65 units 30 units $15 per unit Calculate the cost of goods sold for July and ending inventory at july 31 using (a) first-in, first-out, (b) last-in,first-out, and (c) the weighted-average cost methods. Round your final answers to the nearest dollar A. First-in, First-out Ending Invertory Cost of Goods Sold