Aircard Corporation engaged in the following transactions related to purchases and sales of inventory during the month of July.

		Units	Unit Cost
July 1	Beginning Inventory	2,000	$40
July 5	Sold	1,000
July 13	Purchased	6,000	44
July 17	Sold	3,000
July 25	Purchased	8,000	50
July 27	Sold	5,000

Calculate the cost of ending inventory and cost of goods sold for July assuming a perpetual inventory system is used in combination with (a) FIFO, (b) LIFO and c) Weighted Average cost flow assumptions.

(a) FIFO FIFO (Perpetual) Cost per Total Units Unit Beginning Inventory Purchases July 13 July 25 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Units from July 25 Purchase Total Cost of Goods Sold Ending Inventory