Qu value 3.50 points 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 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). $18,000 950 12 700 15 350 610 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 nding Inventory units 3. Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LIFO and (c) weighted average cost. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Cost of Ending Inventory Cost of Goods Sold