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P7.2 (Algo) Analyzing the Effects of Four Alternative Inventory Methods LO7.2 Kirtiand Coeporation uses a periodic inventory system. At the end of the annual accounting period, December 3t, the accounting records for the most popular item in inventory showed the foliowing: a. Compute the amount of goods avaloble for sale. b. 8 c. Compute the amount of ending imvemory and cost of goods sold at December 31, under Average cost, Firstin, first-out, Last in first-out and Specific identification imemory costing methods. For 5pecific idensfication ossume that the frs sale was seiected tieo: fiths from the beginning inventory and thee-fifhs from the purehase of Janwafy 30 . Aswwme than the second sale was selected fiom the remainder of the beginning inventory. with the balance from the purchase of May 1 . Complete this question by entering yeur answers in the tabs belew. Compute the amount of ending invertory and cost of goods sold at December 31 under Average cost, first-in, frit-aut, Last: in, frist-ouk, Specfic ident fication of the inventory costing methosi. For Specific identificatien, assume that the firs sale wat selected two.fittive frem the beginning inventery and three-niths from the purchase of Jahasy 30 Assume that the seciond bele was selected from the remainder of the begineing inventery, with the baiance trom the purchaie of May. 1 . Wote; De not round intermedate calcylations. Round your ansaers to the nearest whole dollar amount