Inventory Costing MethodsPeriodic Method The following data are for the Portet Corporation, which sells just one product: Units Unit Cost Beginning Inventory, January 1 1,200 $8 Purchases: February 11 1,500 May 18 1,400 10 October 23 1,100 14 March 1 Sales: 1,400 July 1 1,400 October 29 1,200 Calculate the value of ending inventory and cost of goods sold at year-end using the periodic method and (a) first-in, first-out, (b) last-in, first- out, and (c) weighted-average cost method. Round the cost per unit to 3 decimal places and round your final answers to the nearest dollar. a. First-in, First-out: Ending Inventory Cost of goods sold $ b. Last-in, first-out: Ending Inventory 2$ Cost of goods sold $ c. Weighted Average Ending Inventory 2$ Cost of goods sold $