refer to the information in problem 6-1B and assume The periodic inventory system is used

*weighted average and specific identification*

Refer to the information in Problem 6-1B and assume the periodic inventory system is used. Problem Periodic: cost flows P3 Required 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identification. (Round all amounts to cents.) Date Ming Company uses a perpetual inventory system. It entered into the following purchases and sales trans- actions for April. (For specific identification, the April 9 sale consisted of 8 units from beginning inven- tory and 27 units from the April 6 purchase; the April 30 sale consisted of 12 units from beginning inventory, 3 units from the April 6 purchase, and 10 units from the April 25 purchase.) Activities Units Acquired at Cost Units Sold at Retail Apr.1 Beginning inventory... 20 units a $3,000.00 per unit Apr. 6 Purchase.. 30 units @ $3,500.00 per unit Sales 35 units $12,000.00 per unit Purchase 5 units @ $4,500.00 per unit Purchase 10 units @ $4,800.00 per unit Apr. 30 Sales 25 units @ $14,000.00 per unit Total. 65 units 60 units Apr. 9 Apr. 17 Apr. 25