P7-2 Analyzing the Effects of Four Alternative Inventory Methods LO7-2 Kirland Corporation uses a periodic inventory system. Alt the end of the annual accounting period, December 31, the accounting records for the most popular Item in inventory showed the following a. Purchase, January 30 b. Purchase, May f Required: a Compute the amount of goods available for sale 4.46 b.& .Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, First-in frat-ou, Las-in, fst-out and Specifio identification inventory costing methods For Speofie identification, assume thet the first sale was selected two- iths from Pe beginning from Po rernarder of the begnning mortory, with pe balace from the proase of May 1. (Do not round intensediate calculations. Round Average Cost and Specific Mentcation,- answers to 2 decimal places nventory and three-fis from he purchase of January 30. Assume that the second sale was selected Ending inventory 1,125.901,3501,080 Coat of goods sold$ 3341.10$ 3117 3.387