2. (30 points) Tur-Key Company maintains a large and varied inventory of merchandise for resale. They use a periodic inventory system for all items. The following information is for their XJr-4622 item: June 1 beginning inventory 2,750 units June 5 purchase 3,200 units June 20 purchase 1,800 units June 30 purchase 900 units $15/unit $17/unit $20/unit $22/unit The data above is entered in tab "P 2" of the spreadsheet. Required: a. Calculate the Cost of Goods Available for Sale for April. b. Calculate the Cost of Goods Sold for April using FIFO. 7,000 units were sold. c. Calculate the Cost of Goods Sold for April using LIFO. 7,000 units were sold. 5 6 7 8 9 10 1 1 1

2. ( 30 points) Tur-Key Company maintains a large and varied inventory of merchandise for resale. They use a periodic inventory system for all items. The following information is for their XIr-4622 item: June1beginninginventoryJune5purchaseJune20purchaseJune30purchase2,750units3,200units1,800units900unitsS15/unitS17/unitS20/unit$22/unit The data above is entered in tab "P 2 " of the spreadsheet. Required: a. Colculate the Cost of Goods Available for Sale for April. b. Calculate the Cost of Goods Sold for April using FIFO. 7,000 units were sold. c. Calculate the Cost of Goods Sold for April using LIFO, 7,000 units were sold