Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, 2012, the accounting records for the most popular item in inventory showed the following:

	Transactions	Units	Unit Cost
Beginning inventory, January 1, 2012		400	$ 3.00
Transactions during 2012:
a.	Purchase, January 30	600	3.20
b.	Purchase, May 1	460	3.50
c.	Sale ($5 each)	(160)
d.	Sale ($5 each)	(700)

Required:
(a)	Compute the amount of goods available for sale. (Omit the "$" sign in your response.)

Goods available for sale $_________

(b) & (c)

Compute the amount of ending inventory and cost of goods sold under Average cost, First-in, first-out, Last-in, first-out, Specific identification of the inventory costing methods. Specific identification: assuming that the first sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30, 2012. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1, 2012. (Do not round intermediate calculations and round your final answers to the nearest dollar amount. Omit the "$" sign in your response.)

Average cost

First-in, first-out

Last-in, first-out

Specific identification

Ending Inv.: $__________ $___________ $___________ $_______________

COGS: $__________ $___________ $____________ $________________