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Claude Giroux is the owner of Giroux's Hockey Sticks, Incorporated (GHSI). Giroux's company is a wholesaling company that buys hockey sticks from the manufacturer, and then sells them in bulk to retail stores across the country. GHSI uses a periodic inventory system, and is creating its annual financial statements for calendar year 2017. GHSI's December 31, 2017 accounting records for its most popular hockey stick model in inventory, the "Puck Smasher", showed the following. Units Unit Cost $6.00 Total Cost $10,800 1,800 Transactions Inventory, January 1, 2017 Sale, March 15 Purchase, May 17 Sale, August 20 Purchase, October 5 6.00 (1,400) 3,100 (2,050) 1,550 18,600 11.00 17,050 Requirement 1: Compute the "Puck Smasher's" cost of goods available for sale. Cost of Goods Available For Sale Claude Giroux would like to find out the differences in Cost of Goods Sold and Ending Inventory values under various inventory costing methods. Compute the "Puck Smasher's" cost of ending inventory and cost of goods sold at December 31, 2017 Claude Giroux is requiring that you run the calculations using the weighted-average costing, first-in, first-out; last-in, first out; and specific identification methods. For Specific Identification, Giroux reports that the "Puck Smashers" sold on March 15 came from the beginning inventory and the "Puck Smashers" sold on August 20 all came out of the May 17 purchase. (IMPORTANT: When doing weighted average calculations, do not round Weighted average cost per unit!!! Final answers only should be rounded the nearest dollar amount.) Cost of Ending Cost of Goods Inventory Sold a. Weighted Average Cost b. FIFO c. LIFO d. Specific Identification

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