10 spar Homework 1 2 Man Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July July 1 July 5 Beginning Inventary Unit Cost 2,508 135 Sold 1,508 Purchased Sold 5,500 29 3,500 July 27 Purchased Sold 8,500 31 July 13 July 17 July 25 Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircend uses (a) FIFO. LIFO weighted average cost (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Av Ending Inventory Cost of Goods Sold FIFO uro C St Stat Page S& Submit Check my work Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July. Units Unit Cost July 1 July 5 July 13 July 17 Beginning Inventory 2,500 $ 25 Sold 1,500 Purchased 6,500 29 Sold 3,500 July 25 July 27 Purchased Sold 8,500 31 5,500 Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold FIFO Weighted Average LIFO Cost Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July. Units Unit Cost July 1 July 5 Beginning Inventory 2,500 $ 25 Sold 1,500 July 13 Purchased 6,500 29 July 17 July 25 Sold 3,500 July 27 Purchased Sold 8,500 5,500 31 Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.) Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold FIFO LIFO Weighted Average Cost