Kirtland Corporation uses a periodic inventory system Al the end of the annual accounting peniod, December 31, me accounting r records for the most popular item in inventory showed the ng Beginning inventory, January 1 Transactions during the year a Purchase January 30 b. Purchase May 1 440 $3 00 340 500 4 00 c Sale (35 each d Sale 155 each Required: a. Compute the amount of goods available for sale O Answer is complete but not entirely correct. 300 O b. & e. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, First-infrst out, Last-in frst out and Specitic idenication inventory costing methods For Secific Kenntation assume that tre first sa, was se.ected two-nnns som, trebepriing rventory and nreenns torm the purchase or Jawary 30 Assume hr re eond-. from the remainder of the beginning nentory wih the balance from the purchase of May 1. (0o not round intermediate calculations, Round Average Cost and Specthic idenohcation" answer to 2 decimal places ) Average Cost First Ou Ending inventory Cost of gooeds sold