Saved Help ded Homework Save & Exit Sub Check my work PA71 Analyzing the Effects of Four Alternative Inventory Methods in a Periodic Inventory System (LO 7. 3) Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, 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 Unit 5.40 Transactions Beginning inventory, January 1 Transactions during the years a. Parehase, January 30 b. Sale, March 14 (5100 each) e. Purchase, May 1 d. Bale, August 31 (6100 each (1.150) 1,600 70 Assuming that for Specific identification method item id) the March 14 sale was selected two fins 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.) Amount of Good Ending Inventory Cout of Goods 22.000 Last infot 1. Weighted average 322 12.000 5 Prov 1 of 1 Nex MacBook Air