Unit Cost $3.00 400 Beginning inventory, January 1 Transactions During the year: a. Purchase, January 30 b. Purchase, May1 c. Sale ($5 each) d. Sale ($5 each) 3.40 4.00 300 460 (160) (700) Required: a. Compute the amount of goods available for sale. Goodsavailableforsalets-4060] b. & c. Compute the amount of ending inventory and cost of goods sold at December 31, under Average cost, First-in, first-out, Last-in, f Specific identification, assuming that the first sale was selected two-fifths from the beginning inventory and three-fifths from the purchase the remainder of the beginning inventory, with the balance from the purchase of May 1. (Do not round intermediate calculations. Roun First-in,Last-In Specific First-Out Identification Average Cost First-Out Ending inventory Cost of goods sold