8 ck <> esc Week 10-Product Demonstration-523 MKTG1320-05 Assignment #6 - Chapter 7 i 4 15 points 02:30:57 eBook Print 0 References Graw ! 1 Q A P 17 N Transactions Beginning inventory, January 1 Transactions during the year: a. Purchase, January 30 b. C. d. a. Weighted average cost b. First-in, first-out. c. Specific identification. Sale, March 14 ($12 each) Purchase, May 1 Sale, August 31 ($12 each) @ Gladstone Limited tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. 2 3 F2 W S Required: 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31, under each of the following inventory costing methods. For Specific identification, assuming that the March 14, sale was selected two-fifths from the beginni