Tierem 10 27. Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records for the most popular tem in inventory showed the following: Transactions Unib Unit Cost Beginning inventory, January 1 430 00 Transactions during the year Purchase, January 30 330 3.70 D Purchase, May 1 400 7.00 Sale (58 eachi (190) Sale (8 each (730) Required: Compute the amount of goods available for sale Goods able for sale b. & c. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, Finn-out, Last-n, first-out and Specific identification inventory costing methods. For Specific Identification, assume that the first sale was selected two-ths from the beginning inventory and three-fifths 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. (Do not round Intermediate calculations, Round Average cost and Specific identification answers to 2 decimal places.) Average Cout First Out Lastin First-Out Specific Identification Endir invertory Cost of goods sold MacBook Air DOO b.&c. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, First-infrat-out, Last-in, first-out and Specific identification Inventory costing methods. For Specife identification, assume that the first sale was selected two-fifths from the beginning inventory and three-ths 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. (Do not round Intermediate calculations. Round "Average cost and Specific identification" answers to 2 decimal places.) Average cost Specific First-out First-out identification Ending inventory Cost of goods sold MacBook Air TV $ 2 3 % 5 6 & 7 * 8 9 3 E R Y C O P S D F G H J K Z C V V B N