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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: Unita 300 Unit Coat 84.00 Transactions Beginning inventory, January 1 Transactions during the years 2. Purchase, January 30 . Purchase, May 1 Sale (56 Qach) 4. Sala (66 each) 200 360 (60) (600) 2.40 5.00 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 and Specific identification 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. Answer is not complete. Complete this question by entering your answers in the tabs below. N Red A Red Band Compute the amount of ending inventory and cost of goods sold at December 31 under Average cost Piratin, first-out, Last-In, first-out, Specific identification of the inventory costing methods. For Specific identification nume that the final 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 yourses to the rest whole della ment) Show Latin First Out specie Identication Average cost First Out Ending in Contacto RA

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