Hi, just need the ones I got wrong, could you please show your work, I struggle with the specific identification method, thank you

W Part 2 Check my work mode: This shows what is correct or incorrect for the work you have completed 54 78 Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, 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 Unit Transactions Units Cost Beginning inventory, January 1 1.600 5.48 Transactions during the year 0. Purchase, January 3 3.650 bi Sale, March 14 (5100 each (2009) C. Purchase, May 1 2.350 d. Sale, August 31 $100 ach) Assuming that for Specific identification method item to the March 14 sale was selected two-fifths from the beginning Inventory and three-fifths from the purchase of January 30 Required: 1 Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31 under each of the following Inventory costing methods a lasten, first-out b. Weighted average cost d. Firstan, first-out. Specific identification, assuming that the March 14 sale was selected two-fiths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the sale of August 31 was selected from the remainder of the beginning inventory, with the balance from the purchase of May 2-a of the four methods, which will result in the highest gross profit 2b. Of the four methods, which will result in the lowest income taxes? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 1. Compute the amount of goods available for sale, ending Inventory, and cost of goods sold at December 31 under each of the following inventory costing methods a Lasten, first-out Weighted average cost c. First in first-out a Specific identification, assuming that the March 14 sale was selected two-fifons from the beginning inventory and three-fifths from the purchase of January 30 Assume that the sale of August 31 was selected from the remainder of the beginning inventory with the balance from the purchase of May 24. Of the four methods, which will result in the highest gross profit? 2b. Of the four methods, which will result in the lowest income taxes? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 2 Compute the amount of goods available for sale ending inventory, and cont of goods sold at December 31 under each of the inventory coating methods. Round intermediate calculations to z decimal placer and finalwers to the nearest whole dat amount Amount of Goods Available for Ending Inventory Cost of Goods Gold 5 mot b Weighted average infot . Sedentaron 425.000 S 42.600s 425.000 425 890 145.000 6 172000 305.000 170.000 369.000 262.000 120.000 170800 5 Roy >