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ladstone Company tracks the number of units purchased and sold throughout each accounting perlod but applies its iventory costing method at the end of each

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ladstone Company tracks the number of units purchased and sold throughout each accounting perlod but applies its iventory costing method at the end of each perlod, as if it uses a periodic Inventory system, Assume its accounting records rovided the following informatlon at the end of the annual accounting period, December 31. Assuming that for Specific identification method (ttem id) the March 14 sale was selected two-fifths from the beginning inventory and three-fltths from the purchase of January 30 . Requilred: 1. Compute the amount of goods avallable for sale, ending inventory, and cost of goods sold at December st under each of the following inventory costing methods: a. Last-in, first-out. b. Weighted average cost. c. First-in, first-out. d. Specific Identification, assuming that the March 14 sale was selected two-fints from the beginning inventory and threefin fifths from the purchase of January 30 . Assume that ine sale of Aligust 31 was yelectecf from the remaincer or the beginning inventory, with the balance from the purchase or May b Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31 under each of the inventory costing methods. (Round intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.)

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