60 Required information M7-11 to 13 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 Iiliterate opened a new bookstore and bought merchandise in the following order: (1) 240 units at $10 on January 1,(2) 480 units at S11 on January 8, and (3) 780 units at $12 on January 29 Part 1 of 3 1.33 points eBook M7-11 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO [LO 7-3] Print Assume 950 units are on hand at the end of the month, calculate the cost of goods available for sale. ending inventory, and cost of 9oods sold under FIFO. Assume a periodic inventory system is used (Round "Cost per Unit" to 2 decimal places) References Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold