Suppose Sarah Jane, the specialty retailer, had these records for ladies' evening gowns during 2017. IT(Click icon to view records.) Assume sale of evening gowns totalled 130 units during 2017 and that Sarah's uses the weight-average-cost method under the periodic inventory system to account for inventory. The income tax rate is 34%. Requirements 1, Compute Sarah's cost of goods sold for evening gowns in 2017. 2. Compute what cost of goods sold would have been if Sarah had purchased enough inventory in December-at $1,050 per evening gown-to keep year-end inventory at the same level it was at the beginning of the year, 33 units. Requirement 1, Compute Sarah's cost of goods sold for evening gowns in 2017. (R Accounting records X swer to the nearest whole dollar.) The cost of goods sold is $ Requirement 2. Compute what cost of goods sold would have been if Sarah had pu Beginning inventory (33 @ $ 800). $ 26,400 jeep year-end inventory at the same level it was at the beginning of the year, 33 units. Purchase in February (29 @ $ 850) 24,650 The cost of goods with the new units would be $ Purchase in June (63 @ $1,000) 63,000 Purchase in December (28 @ $1,050) 29,400 Goods available. . . . . . . $ 143,450 Print DoneSuppose Sarah Jane, the specialty retailer, had these records for ladies' evening gowns during 2017. BE(Click icon to view records.) Assume sale of evening gowns totalled 130 units during 2017 and that Sarah's uses the weight-average-cost method under the periodic inventory system to account for inventory. The income tax rate is 34%. Requirements 1. Compute Sarah's cost of goods sold for evening gowns in 2017. 2. Compute what cost of goods sold would have been if Sarah had purchased enough inventory in December-at $1,050 per evening gown-to keep year-end inventory at the same level it was at the beginning of the year. 33 units. Requirement 1. Compute Sarah's cost of goods sold for evening gowns in 2017. (Round all interim calculations to the nearest whole dollar. Round your answer to the nearest whole dollar.) The cost of goods sold is $ Requirement 2. Compute what cost of goods sold would have been if Sarah had purchased enough inventory in December-at $1,050 per evening gown-to keep year-end inventory at the same level it was at the beginning of the year, 33 units. The cost of goods with the new units would be $