20.00 points M7-7 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under FIFO, LIFO, and Weighted Average Cost (Periodic Inventory) [LO 7-3 Aircard Corporation tracks the number of units purchased and sold throughout each accounting perlod but applies its inventory costing method at the end of each period as if it uses a perlodic inventory system. The following are the transactions for the month of July Units Unit Cost 2,000 $40 1,000 6,000 3.000 8,000 5,000 JuyBeginning Inventory July 5 Sold July 13 Purchased Inventory 42 July 17 Sold July 25 Purchased July 27 Sold Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LiFO, or (e) weighted average cost (Round Cost per Unit to 2 decimal places) FIFO LIFO Cost of Goods Available for Sale Ending Inventory Cost of Goods Solkd