Required; a. Compute the amount of goods avaliable for sale. b. \& c. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, First-In, first-out, Lastfirst-out and Specific identification inventory costing methods. For Specific identification, assume that the first sale was selected two ifths from the beginning inventory and three-fiths from the purchase of January 30 . Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1 . Complete this question by entering your answers in the tabs below. Compute the amount of ending inventory and cest of gopds sold at December 31 under Average cost, First-in, first-out, Lastin, first-out, 5 pecific identification of the inventory costing methods. For Specific identification, assume that the fist sale was selected two-ffths from the beginning inventory and three-fifhs from the purchose of January 30 . Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) P7-2 (Algo) Analyzing the Effects of Four Alternative Inventory Methods LO7-2 Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting perlod, December 3, the accounting records for the most popular item in inventory showed the following: Required: 3. Compute the amount of goods available for sale. b. \& c. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, First-in, first-out, Last-in first-out and Specific identification inventory costing methods. For Specific identification, assume that the first sale was selected twoheths from the beginning inventory and three-fiths from the purchase of January 30 . Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1 . Complete this question by entering your answers in the tabs below