Please show steps for MOVING AVG and SPECIFIC IDENTIFICATION FOR THE FOLLOWING ANSWERS.

The Griggs Company had the following transactions concerning one of their products this year: 1000 units @ $12 January 1st Beginning Inventory Balance Purchases: = $12,000 February 4th April 2nd 2000 units@ $18 3000 units @ $22 = $36,000 - $66,000 Sales: February 20th November 4th 2500 units 2000 units Instructions (1) Compute the Cost of Goods Available for Sale $114,000 (2) Compute the Cost of Goods Sold (COGS) and Ending Inventory using the following methods: Specific Identification *Assume E-500 from each purchase) Average Cost (Weighted Average) Average Cost (Moving Average) (3) Use the following table to record your answers Specific Identification Average Cost Wtd. Average Average Cost Moving Average COGS 88,000 85,500 82,290 Ending Inventory 26,000 28,500 31,710