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The inventory records of Ezra Corporation reflect the information shown below for the month of August. The company values its inventory on a monthly periodic basis. Date Transaction Number of Units Cost per Unit 1 Beginning Inventory 400 $5.00 3 Purchase No. 1 400 $5.00 5 Sale No. 1 600 7 Sale No. 2 100 11 Purchase No. 2 1,000 $7.00 17 Sale No. 3 700 19 Purchase No. 3 1,000 $7.00 21 Sale No. 4 600 28 Sale No. 5 600 29 Purchase No. 4 1,200 $9.00 Determine the dollar amounts of ending inventory and cost of goods sold at the end of August under each of the inventory valuation methods listed. Enter your responses in the Response Template. Method Ending Inventory Cost of Goods Sold Average Cost FIFO LIFO