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Kirtand Corporation uses a periodic inventory system. At the end of the annual accounting period. December 31 , the accounting records for the most popular

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Kirtand 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: a. Compute the amount of goods avaliable for sale. b. \& c Compute the amount of ending inventory and cost of goods sold at December 3i, under Average cost, First-in, first-out, Last-in, first-out and Specific identication inventory costing methods. For Specific identification, assume that the first sale was selected twofifths 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. Answer is complete but not entirely correct. Complete this question by entering vour answers in the tabs below. Compute the amount of ending inventory and cost of goods sold at December 31 under Averoge cost, First-in, first-out. Last: in, first-out, Specific identification of the inventory costing methods. For Specific identication, 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 buthase of January 30 . Assume tha: Note: Do not round intermediate calculations. Round your answers to the nearest whole dolbarc amount

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