The following data are for the Evans Company, which sells just one product: Units Unit Cost Beginning inventory January 1 200 $40 Purchases: February 11 500 $56 May 18 400 $64 October 23 100 $80 Sales March 1 400 July 1 400 Calculate the value of ending inventory and cost of goods sold using the periodic method and (a) first-in, first-out, (b) last-in, first-out, and (c) weighted-average cost method. Cost of goods sold Ending inventory a. FIFO Answer 1 Answer 2 b. LIFO Answer 3 Answer 4 c. Weighted average Answer 5 Answer 6