Return to course Question 1 Partially correct Mark 0.25 out of 1.50 P Rag question 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 55 units $14 per unit 15 Sold 65 units 26 Purchased 30 units $15 per unit #My Subsch Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first in, first-out, (b) last-in, fut-out, and (cl the weighted-average cost methods. answers to the nearest dollar. A First-in First-out Ending inventory S 920 x Cost of Goods Sold S 755 x B Last-in, first-out Ending Inventory S 935 x Cost of Goods Soid: S 740 x C Weighted-average cost Ending Inventory 5 768 Cost of Goods Sold S 906 x Type here to search i