Required information [The following information applies to the questions displayed below.) Claude Giroux is the owner of Giroux's Hockey Sticks, Incorporated (GHSI). Giroux's company is a wholesaling company that buys hockey sticks from the manufacturer, and then sells them in bulk to retail stores across the country. GHSI uses a periodic inventory system, and is creating its annual financial statements for calendar year 2016. GHSI'S December 31, 2016 accounting records for its most popular hockey stick model in inventory, the "Puck Smasher", showed the following. Total Cost $ 10,500 Transactions Unit Cost Inventory, January 1, $ 6.00 2016 Sale, March 15 Purchase, May 17 Sale, August 20 Purchase, October 10.00 Units 1,750 (1,500) 3,150 (1.800) 1,550 7.00 22,050 15,500 Requirement 1: Claude Giroux would like to find out the differences in Cost of Goods Sold and Ending Inventory values under various inventory costing methods. Compute the "Puck Smasher's cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31, 2016. Claude Giroux is requiring that you run the calculations using the weighted average costing: first-in, first-out: last-in, first out and specific methods. For Specific Identification, Giroux reports that the "Puck Smashers" sold on March 15 came from the beginning inventory and the "Puck Smashers" sold on August 20 all came out of the May 17 purchase. (IMPORTANT: When doing weighted [verage calculations, do not round Weighted average cost per unitill Final answets only should be rounded the nearest dollar amount.) Cost of Goods Available For Sale Cost of Goods Sold Cost of Ending Inventory Weighted average cost First-in, first-out Last-in, first-out Specific Identification