Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December $31$ under each of the inventory costing methods.Gladstone Company 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 $31.$

${}_{\text{e}\text{B}\text{o}\text{o}\text{k}}$

Assuming that for Specific identification method $($item $1$d$)$ the March $14$ sale was selected two$-$fifths from the beginning inventory and

three$-$fifths from the purchase of January $30.$

Required:

Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December $31$ using the specific

identification method, assuming that the March $14$ sale was selected two$-$fifths from the beginning inventory and three$-$fifths from the

purchase of January $30.$ Assume that the sale of August $31$ was selected from the remainder of the beginning inventory, with the

balance from the purchase of May $1.$

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Req $1$

Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December $31$ under each of the

inventory costing methods. $($Round intermediate calculations to $2$ decimal places and final answers to the nearest whole dollar

amount.$)$