Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period December 31 Unit Transactions Units Cost 350 $14 a. Inventory, Beginning For the year b Purchase, April 11 c. Purchase, June 1 d. Sale. May 1 (sold for $42 per unit) e. Sale, July 3 (sold for $42 per unit) f Operating expenses (excluding income tax expense), $19,600 950 12 700 16 350 670 Required: 1. Calculate the number and cost of goods available for sale. Number of Goods Available for Sale Cost of Goods Available for Sale units 2. Calculate the number of units in ending inventory Ending Inventory units 3. Compute the cost of ending inventory and cost of goods sold under (a) FIFO (O) LIFO and ic) weighted average cost (Do not round intermediate calculations. Round you r final answers to the nearest Type here to search