Units Units Date Activity Acquired at Total Sold at Cost Retail Unit Inventory Jan. Beg. 400 units @ 1 Inventory $14 = $5,600 - 400 units Jan. 15 Sale 200 units @ 200 units $30 Mar. 10 Purchase 200 units @ $15 = $3,000 - 400 units Apr. 1 Sale 200 units @ 200 units $30 May Purchase 300 units @ $16 = 9 500 units $4,800 - Sep. 22 Purchase 250 units @ $20 = $5,000 - 750 units Nov. 1 Sale 300 units @ 450 units $35 Nov. 28 100 units @ Purchase $21 = $2,100 550 units Drevious Neyt Nov. 28 Purchase 100 units @ $21 = $2,100 - 550 units Totals 700 1,250 units $20,500 units 550 units Additional tracking data for specific identification: (1) January 15 sale-200 units @ $14, (2) April 1 sale-200 units @ $15, and (3) November 1 sale-200 units @ $14 and 100 units @ $20. 1. What is the cost of Good Available for Sale ? How many units available for sale? (1 point) 2. Using the Periodic System, determine Cost of Goods Sold (COGS) and Ending Inventory using one of the methods: Specific Identification, Weighted Average, FIFO or LIFO. Show your work. (3 Points) 3. Explain how the calculation might be different if you used Perpetual System instead. (1 point) Remember respond to 3-4 of your classmates' posts and remain professional at all times in your posts, following the proper internet etiquette. Here's a Discussion Post Example. Also refer to the attached rubric for grading criteria. (Viewing Rubrics in Canvas and Viewing Instructor Comments in Canvas.). Reply