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> Question 3 - Chui 7 Practic X Untitled document - Google D:X - DX + docs.google.com/document/d/1RSygjitbFsv5rJ_DCP3SV]-IcZAW9b2w551VWixVTs/e... I Apne Banking Bils Grad School in Linkedin Legin, Si. De Grad School in Linkedin login, Si.. AL- News, World Hotels & Resorts E Reading List Chpt Practice Saved Help Save & Exit Submit Check my work 3 3 points Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records for the most popular item in inventory showed the following: Transaction Units Unit Cout Beginning inventory, January 1 400 $3.0D Transactions during the year A Purchase, January 10 . 300 b. Purchase, May 1 4.00 e. Bale (85 each) 1160) d. Sale $5 euch 700) 460 Book Required: a. Compute the amount of goods available for sale. 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, first-out, Specific identification of the inventory costing methods. For Specific identification, assume that the first sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1 References Complete this question by entering your answers in the tabs below. Reg Red Band Compute the amount of goods available for sale Goods available for sale RAGA Rag Bandc Complete this question by entering your answers in the tabs below. Req A Reg Band Compute the amount of ending inventory and cost of goods sold at December 31 under Average cost, First-in, first-out, Last- in, first-out, Specific identification of the inventory costing methods. For Specific identification, assume that the first sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Show less Average Cost First-In, First-Out Last-In, First-Out Specific Identification $ 2.982 Ending inventory Cost of goods sold Question 3 - Chui 7 Practic X Untitled document - Google D:X - DX + docs.google.com/document/d/1RSygjitbFsv5rJ_DCP3SV]-IcZAW9b2w551VWixVTs/e... I Apne Banking Bils Grad School in Linkedin Legin, Si. De Grad School in Linkedin login, Si.. AL- News, World Hotels & Resorts E Reading List Chpt Practice Saved Help Save & Exit Submit Check my work 3 3 points Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records for the most popular item in inventory showed the following: Transaction Units Unit Cout Beginning inventory, January 1 400 $3.0D Transactions during the year A Purchase, January 10 . 300 b. Purchase, May 1 4.00 e. Bale (85 each) 1160) d. Sale $5 euch 700) 460 Book Required: a. Compute the amount of goods available for sale. 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, first-out, Specific identification of the inventory costing methods. For Specific identification, assume that the first sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1 References Complete this question by entering your answers in the tabs below. Reg Red Band Compute the amount of goods available for sale Goods available for sale RAGA Rag Bandc Complete this question by entering your answers in the tabs below. Req A Reg Band Compute the amount of ending inventory and cost of goods sold at December 31 under Average cost, First-in, first-out, Last- in, first-out, Specific identification of the inventory costing methods. For Specific identification, assume that the first sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30. Assume that the second sale was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Show less Average Cost First-In, First-Out Last-In, First-Out Specific Identification $ 2.982 Ending inventory Cost of goods sold