Seminole Company began the year with 23,000 units of product in its January 1 Inventory costing $15 each. It made purchases of its product during the year as follows. The company uses a periodic Inventory system. On December 31, physical count reveals that 40,000 units of its product remain in inventory. Mar. May Aug Nov. 7 30,000 units @ $18.00 each 25 39,000 units @ $20.00 each 1 23,000 units @ $25.00 each 10 35,000 units @ $26.00 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, (b) LIFO, and (c) weighted average. Complete this question by entering your answers in the tabs below. Show less Required 1 Required 2 Compute the amounts assigned to ending inventory and the cost of goods sold using (a) FIFO, (b) LIFO, and (c) weighted average. Total cost of units available for sale Less ending inventory Cost of units sold (a) (b) (c) FIFO LIFO Weighted Average Periodic Periodic Periodic $ 1,035,000 $ 651,000 $ 231,000 40,000 40,000 840,000 $ 995,000 $ 611,000 $ (609,000)