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l Gladstone Limited tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of

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Gladstone Limited tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting recordis provided the following information at the end of the annual accounting period, December 31 Required: 1. Compute the amount of goods avaliable for sale, ending inventory, and cost of goods sold at December 31 , under each of the following inventory costing methods. For Specific identification, assuming that the March 14, sale was selected two-fiftis from the beginning inventory and three-fifths from the purchase of January 30 . Assume that the sale of August 31, was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1 (Do not round Welghted average cost per unit. Round your final answers to the nearest doliar omount.)

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