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Show work please, thank you Kirtiond Corporation uses o periodic inventory system, At the end of the annual eccounting period, December 31 , the accounting
Show work please, thank you
Kirtiond Corporation uses o periodic inventory system, At the end of the annual eccounting period, December 31 , the accounting ecords for the most popular item in inventory showed the following: a. Compute the amount of goods aviliable for sole. b. \& c. Compute the amount of ending inventary ond cost of goods sold at December 31 under Average cosh first-in, firet-out, Last-in, first-out and Specific identicotion inventory costing methods. For Specific identificotion assume that the first sale vias selected twofifthe from the beginning inventory and three-fiths from the purchose of Jenuery 30 Afsume that the second sale wos selected from the remainder of the beginning inventory. with the bolance from the purchase of May 1 . Complete this question by entering your answers in the tabs below. Compute the arnount of poods svallable for stile. Kirtand Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31 , the occounting records for the most popular item in inventory showed the following: a. Compute the omount of goods avaliable for sole. b. \& c. Compute the amount of ending inventory ond cost of goods sold ot December 31 under Average cost. First-in, first-out, Last-in, first-out and Specific identification inventory costing methods. For Specificidentification ossume that the first sale was selected twofifths from the beginning inventory and three-fifths from the purchase of Januery 30 . Assume thot the second sele was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1 . Complete this question by entering your answers in the tabs below. Compute the amount of ending inventory and cost of goods sold at December 31 under Avernge cost, First-in, first-out, tastin, frest-out, specific identification of the inventery costing methods. For Specific ldentitication, assume that the first sale was selected two-fitts from the beoinning inventory and three-fithe from the purchase of January 30. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1. Note bo not round intermediate calculations. Round your answers to the neorest whole dollar amount Step by Step Solution
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