1 PB7.1 Analyzing the Effects of Four Alternative Inventory Methods in a Periodic Inventory System [LO 7-3] 25 points co Mojo Industries tracks the number of units purchased and sold throughout each accounting period but opplles its Inventory costing method at the end of each period, as it uses a periodic inventory system. Assume its accounting records provided the following Information at the end of the accounting period, January 31. The inventory's selling price is $12 per unit. net On con TO Inventory, January 1 190 6760 Bale, January 10 Purchase, January 12 1.000 Bale, Jam 12 (111 Purchase. January 26 5.50 70 385 Print 14.00 4.50 (150) 240 Assume that for Specific identification method the January 10 sale was from the beginning inventory and the January 17 solo was from the January 12 purchase Required: 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the following inventory costing methods (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.) Amount of Goods Available for sale Cost of Goods Ending Inventory Sold G Prey 1 of 5 Next >