inventory accounting

Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 3t, the sccountino records for the most populor item in imventory showed the following: a. Compute the amount of goods available for sale. b. \& c. Compute the amount of ending irventory and cost of goods sold at December 31, under Average cost, First-in, first-out, Last-in. first-out and Specifig identification inventory costing methods. For Specific identification, assume that the first sale was selected two. fitths from the bogirthing inventory and three-fiths from the purchase of January 30 . Assume that the second sale was sesected trom 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. Compote the amount of ending inventory and cost of goods sold at December 31 under Arerage cost, first-in, frist-out, Lastin, first-out, 5pecific identification of the inventory costing methods. For Specific identification, assume that the first salo was selected two-fitts from the beginning inventory and three-fiths from the purchase of January 30 . Assume that the second sale was selected from the remainder of the beginning imventory, with the balance from the purchase of May 1. Note; Do not round intermediate calculations, Round your answers to the neareit wbole dolar amount. Complete this question by entering your answers in the tabs below. Compute the amount of ending inventory and cost of goods sold at December 31 under Average cost, First-in, first-out, Lastin, 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-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 . Note: Do not round intermedlate calculations. Round your answers to the nearest whole dollar amount