can you please answer all of them just 2 question and show me the steps thank you
Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records for the most popular item in inventory showed the following: Units 460 Unit Cost $5.00 Transactions Beginning inventory, January 1 Transactions during the year: a. Purchase, January 30 b. Purchase, May 1 c. Sale ($7 each) d. Sale ($7 each) 360 520 (220) (762) 4.00 6.ee Print rences Required: a. Compute the amount of goods available for sale. b. & c. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, First-in, first-out, Last first-out and Specific identification inventory costing methods. For Specific identification, assume that the first sale was selected tw fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the second sale was selected fr the remainder of the beginning inventory, with the balance from the purchase of May 1, Complete this question by entering your answers in the tabs below. Req A Req B and C Compute the amount of ending inventory and cost of goods sold at December 31 under Average cost, First-In, first-out, Last- in, first-out, Specific identification of the inventory costing methods. For Specific identification, assume that the first sale was nifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the second Required: a. Compute the amount of goods available for sale. b. & c. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, First-in, first-out, Last-in, first-out and Specific identification Inventory costing methods. For Specific identification, assume that the first sale was selected two- fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1 Complete this question by entering your answers in the tabs below. rences Reg A Reg Band Compute the amount of ending inventory and cost of goods sold at December 31 under Average cost, First-in, first-out, Last- in, first-out, Specific identification of the inventory costing methods. For Specific identification, assume that the first sale was selected two-fifths from the beginning inventory and three-nifths from the purchase of January 30. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Show less Average Cost First-In, First Out Last-In, First Out Specific identification Ending inventory Cost of goods sold
