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. Transactions Beginning inventory, January Units Unit Cost 200 $30 300 32 Transactions during the year: Purchase on account, March 2 Cash sale, April 1($46 each) Purchase on account, June (350) 6.30 36 250 1 50) Cash sale, August 1 ($46 deach) 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) Cost Units 750 24,600 Goods Available for Sale Cost of Goods Sold Ending Inventory 400 13,800 350 10,800 b. Weighted average cost. Weighted Average Cost (Periodic) Units Cost Goods Available for Sale Cost of Goods Sold Ending Inventory c. First-in, first-out. FIFO (Periodic) Units Cost Goods Available for Sale Cost of Goods Sold Ending Inventory d. Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four.fifths from the purchase of March 2 Assume that the sale of August 1 was selected from the purchase of June Specific Identification (Periodic Units Cost Goods Available for Sale Cost of Goods Sold Ending Inventory