HW6#14a-Cost Flows Inventory Methods using a periodic inventory system (18 points): Instructions: Using the data below and worksheet on following slide a. Determine the Cost of Goods Available for Sale for reams of paper for Office Outlet Inc. b. Determine the Ending Inventory and Cost of Goods Sold under each of the assumed cost flow methods-FIFO, LIFO, and Average Cost. . Sold 1,500 units and Inventory information Date Units Unit Cost Total Cost 1-Jan 20-Feb 5-May 12-Aug 8-Dec 100 600 500 400 100 $9.00 546b $10.00 SAA $11.00 44 $12.00aC of class March 1