0.57 points E7-6 Analyzing and Interpreting the Financial Statement Effects of Periodic FlFO, LIFO, and Weighted Average Cost CLO 7-3] Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. Unl Transactions Units Cost a. Inventory, Beginning 200 $12 For the year: b. Purchase, April 11 950 9 c. Purchase, June 1 850 13 d. Sale, May 1 (sold for $40 per unit) 200 e. Sale, July 3 (sold for S40 per unit 700 Operating expenses (excluding income tax expense), $18,500 Required 1. Calculate the number and cost of goods available for sale. Number of Goods Available for Sale Cost of Goods Available for Sale 2. Calculate the number of units in ending inventory. Ending Inventory units