Gladstone Company tracks the number of units purchased and cold throughout each accounting period but apples its inventory casting method at the end of each period, as if it wes a periodic inventory system. Assume its accounting record provided the following information at the end of the annual accounting penod, December 31 ning in entory Smery 1 transactions during the years . purchase, January . alr, Parch 14 (10 cch Purchase, May 1 14 0,00) 3, Assuming that for Specific identication method item sa) the March 19 sate was selected two-nars from the beginning nentory and three-ns 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 Required: 1. Compute the amount of goods available for sale, ending inventory and cost of goods sold at December t under each of the following wentory costing methods (Round Intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.) Amount of Goods Available for Sale Ending Inventory Cost of Goods Sold Last in first-out b Weighted average cost C First-in, first out d Specific identification Gladstone Company tracks the number of units purchased and sold throughout each accounting period uses a periodic Inventory system. Assume its accounting records provided the following information at th Units 1,500 Unit cost $ 40 Transactions Beginning inventory, January 1 Transactions during the year: a. Purchase, January 30 b. Sale, March 14 ($1ee each) c. Purchase, May 1 d. Sale, August 31 ($1ee each) 54 3,650 (2,00) 2,350 (2,500) 70 Assuming that for Specific identification method (item 1d) the March 14 sale was selected two-fifths from th Assume that the sale of August 31 was selected from the remainder of the beginning inventory, with the ba Required: 1. Compute the amount of goods available for sale, ending Inventory, and cost of goods sold at Decembe Intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount Amount of Goods Available for Sale Ending Inventory Cost of Goods Sold a b b Last-in first-out Weighted average cost First-in first-out Specific identification d