PROBLEM: KATE'S CARDS SERIAL PRO SP. As expec This is a continuation of the Serial Problem: Kate's Cards from Chapters / through 5.) As expected, the holiday season was very busy for Kate and her greeting card company. In fact, most f her supplies were fully depleted by year-end, necessitating a restocking of inventory. Assume that Kate uses the periodic method of accounting for inventory and that her January beginning inventory was $0. The following transactions occurred for Kate's Cards during January of the New Year: Purchases Units Unit Cost Total Cost Jan. 10... 400 @ $3.00 per unit $1,200 Jan. 17.... 500 @ $3.50 per unit 1,750 Jan. 23... 300 @ $4.00 per unit 1,200 Total . . . . . . . . 1,200 $4,150 Sales ...... Jan. 15....... Jan. 21....... Jan. 27.... Total .. 360 420 380 1,160 Required a. Calculate the company's cost of goods sold and value of ending inventory for the month of Janu- ary using (1) FIFO, (2) LIFO, and (3) the weighted average cost method. Round the cost per unit to 3 decimal places and round your final answers to the nearest dollar. If the net realizable value of Kate's inventory is $4.00 per unit on January 31, what value should be reported for her ending inventory on the January 31 balance sheet under each of the threa inventory costing methods