TIP: Although the purchases and sales are listed in chronological order, Scrappers determines the cost of goods sold after all of the purchases have occurred Required: 1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round "Cost per Unit" to 2 decimal places.) a. Last-in, first-out. LIFO (Periodic) Cost per Total Units Unit Beginning Inventory 230 26.00 5,980 rchases March 2 June 30 370 28.00 8032.00 650 880 Total Purchases 19,320 Goods Available for Sale 25,300 Cost of Goods Sold Units from Beginning Inventory Units from March 2 Purchase Units from June 30 Purchase Total Cost of Goods Sold Ending Inventory b. Weighted average cost Weighted Average Cost (Periodic) Cost per Total Units Unit Beginning Inventory Purchases March 2 June 30 Total Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory c. First-in, first-out. FIFO (Periodic) Cost perTotal Units Unit Beginning Inventory Purchases March 2 June 30 Total Purchases 0 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from March 2 Purchase Units from June 30 Purchase Total Cost of Goods Sold 0 0 Ending Inventory