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M$7-11$ to $13($Algo$)$ Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost $[$LO $7-3]$

$[$The following information applies to the questions displayed below.$]$

In its first month of operations, Literacy for the llliterate opened a new bookstore and bought merchandise in the following order: $(1)460$ units at $$5$ on January $1,(2)620$ units at $$6$ on January $8,$ and $(3)920$ units at $$7$ on January $29.$

M$7-13($Algo$)$ Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic Weighted Average Cost $[$LO $7-3]$

Assuming $1,200$ units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory, and cost of goods sold under weighted average cost flow assumptions. Assume a periodic inventory system is used. $($Round "Cost per Unit" to $2$ decimal places.$)$

$\backslash$table$[[,\backslash$table$[[$Weighted Average$],[$Cost$]]],[$Cost of Goods Available for Sale,$],[$Ending Inventory,$],[$Cost of Goods Sold,$]]$