please explain how

Saved Help S Unit ransactions Units Cost Beginning inventory, January 1 Transactions during the year: a. Purchase, January 36 b. Sale, March 14 ($100 each) C. Purchase, May 1 d Sale, August 31 ($100 each) 2,20055 3,350 2,050 65 (1,850) 85 (2,300) Assuming that for Specific identification method (item td) the March 14 sale was selected two-fifths 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 Required 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round intermediate calculations to 2 decimal places and final answers to the nearest whole doller amount.) Amount of Goods Inventorny Goods ailable for Sale Ending Inventory Cost of Sold a. Last-in, first-out b. Weighted average cost C. First-in, first-out d Specific identification rey 5 Next > search