Return to question 1 Units 2,400 Unit Cost $ 50 Transactions Beginning inventory, January 1 Transactions during the year: Purchase, January 30 b. Sale, March 14 ($100 each) C. Purchase, May 1 d. Sale, August 31 ($100 each) a. 62 20 oints 3,950 (2,200) 2,650 (2,700) 80 Assuming that for Specific identification method (item 1d) the March 14 sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the sale of August 31 was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1. Required: 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. Ending Inventory Cost of Goods Sold Amount of Goods Available for Sale $ 576,900 $ $ 576,900 $ a. 254.650 X $ 322.250 b 301,900 x $ 275,000 X Last-in, first-out Weighted average cost First-in, first-out Specific identification C. $ 576,900 $ 576,900 $ 262,810 X $ 280,660 314,090 296,240 d. $