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

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Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31 , the accounting ecords for the most popular item in inventory showed the following: Compute the amount of goods available for sale. o. \& c. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, First-in, first-out, Las irst-out and Specific identification inventory costing methods. For Specific identification, assume that the first sale was selected tu ifths from the beginning inventory and three-fifths from the purchase of January 30 . Assume that the second sale was selected fro he remainder of the beginning inventory, with the balance from the purchase of May 1. Answer is not complete. 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 intermediate calculations. Round your answers to the nearest whole dollar amount

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