Quiz Saved Help Save & Exit Submit Check my work Seminole Company began the year with 28,000 units of product in its January 1 inventory costing $16.60 each. It made successive purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31 a physical count reveals that 51,000 units of its product remain in inventory Mar. 7 44,000 units $19.60 each May 25 46,000 units $23.60 each Aug. 1 36,000 units $25.60 each Nov. 10 41,000 units $28.60 each Required: 1. Compute the number and total cost of the units available for sale during the year 2. Compute the amounts assigned to ending inventory and the cost of goods sold using (a) FIFO. (b) LIFO, and (d weighted average. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amounts assigned to ending inventory and the cost of goods sold using (a) FIFO, (b) LIFO, and (c) weighted average. (Do not round intermediate calculations. Round the final answers to nearest whole dollar.) LIFO Weighted Average 4,507,000 4,507,000 FIFO $4.507.000 $4.507.000 S Total cost of units available for sale Less ending inventory Cost of units sold $ 4,507,000 $ 4,507,000 $