Balamb Corporation had the following transactions for the month: Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations.first-in, first-out (FIFO)last-in, first-out (LIFO)weighted average The table below provides an overview of an inventory management scenario, detailing the beginning and ending inventory, purchases, and sales:| | Number of Units | Unit Cost | Sales ||--------------------------------|-----------------|-----------|---------|| Beginning inventory | 800 | $50 | || Purchased | 600 | $52 | || Sold | 400 | | $80 || Sold | 350 | | $90 || Ending inventory | 650 | | |**Explanation:**- **Beginning Inventory:** The company starts with 800 units, each costing $50.- **Purchased:** An additional 600 units are purchased at $52 each.- **Sold:** Two separate sales transactions occur: - 400 units are sold at a sales price of $80 per unit. - 350 units are sold at a sales price of $90 per unit.- **Ending Inventory:** After sales, 650 units remain in inventory.This table helps to visualize the flow of goods and the financial transactions associated with purchasing and sales.

Name: Balamb Corporation had the following transactions for the month: Calcu
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Balamb Corporation had the following transactions for the month: Calculate the ending inventory dollar value for the period for each of the following cost allocation methods, using periodic inventory updating. Provide your calculations.first-in, firs