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Question 5 Not yet answered Marked out of 1.43 Flag question Inventory Costing Methods-Periodic Method...

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Question 5 Not yet answered Marked out of 1.43 Flag question Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product: Units Unit Cost Beginning inventory 200 $50 Purchases Feb. 11 500 554 May 18 400 56 Oct 23 100 60 At December 31, 2012, there was an ending inventory of 360 units. Assume the use of the periodic inventory method. Calculate the value of ending inventory and the cost of goods sold for the year using (a) first.in, first-out, (b) last-in, first-out, and (c) the weighted average cost method. Do not round until your final answers. Round your answers to the nearest dollar. A. First.in, first-out Ending Inventory Cost of goods sold 5 B. Last-in, first-out: Ending Inventory Cost of goods sold C Weighted Average Ending Inventory Cost of goods sold 5

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