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Seminole Company began the year with 23,000 units of product in its January 1 inventory costing $15.60 each. It made purchases of its product during

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Seminole Company began the year with 23,000 units of product in its January 1 inventory costing $15.60 each. It made purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 41,000 units of its product remain in inventory Mar. May Aug. Nov. 7 34,000 units $18.60 each 25 36,000 units @ $22.60 each 1 26,000 units @ $24.60 each 10 36,000 units @ $27.60 each Problem 6-7AA Periodic: Alternative cost flows LO P3 Seminole Company began the year with 23,000 units of product in its January 1 inventory costing $15.60 each. It made purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 41.000 units of its product remain in inventory Mar. May Aug. Nov. 7 34,000 units $18.60 each 25 36,000 units $22.60 each 1 26.000 units $24.60 each 10 36,000 units $27.60 each Required: 1. Compute the number and total cost of the units available for sale during the year. 2. Compute the amounts assigned to ending inventory and the cost of goods sold using a FIFO. () LIFO, and weighted average

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