P7-2 (Algo) Analyzing the Effects of Four Alternative Inventory Methods LO7-2 Kirtland Corporation's accounting records showed the following at December 31: Transactions Beginning inventory, January 1 Transactions during the year: a. Purchase, January 30 b. Purchase, May 1 c. Sale ($8 each) d. Sale ($8 each) Required: Units 390 Unit Cost $6.00 290 3.30 450 7.00 (150) (690) a. Compute the amount of goods available for sale. b. & c. Compute the amount of ending inventory and cost of goods sold at December 31 under each of the four i methods. For Specific identification, assume the first sale was 40% from beginning inventory and 60% from the January 30 the second sale was from the remainder of the beginning inventory, with the balance from the May 1 purchase. Complete this question by entering your answers in the tabs below. Req A Req B and C Compute the amount of goods available for sale. Goods available for sale