Scrappers Supplies 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 Units Unit Cost Transactions Beginning inventory, January 1 140 $23 Transactions during the year: a. Purchase on account, March 2 310 25 (290) b. Cash sale, April 1 ($39 each) C. Purchase on account, June 30 190 d. Cash sale, August 1 ($39 each) (70) TIP: Although the purchases and sales are listed in chronological order, Scrappers determines the cost of goods sold after all of the purchases have occurred. Required: 1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round "Cost per Unit" to 2 decimal places.) a. Last-in, first-out. LIFO (Periodic) Units Cost per Total 0 Beginning inventory Purchases March 2 June 30 0 0 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from March 2 Purchase Units from June 30 Purchase 0 0 Total Cost of Goods Sold Ending Inventory