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. July 1 July 5 July 13 July 17 July 25 July 27 Beginning Inventory Sold Purchased Sold Purchased Sold Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold $ $ 4 Required: 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.) FIFO Units 2,000 1,000 6,000 3,000 8,000 5,000 744,000 $ 394,000 Unit Cost $ 40 44 LIFO 50 744,000 Weighted Average Cost $ 744,000

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 penodic irventory system. The following are the transactions for the month of July. Required: Calculate the cost of goods avallable for sale, ending inventory, and cost of goods soid if Aircard uses (a) FIFO, (b) LIFO, or (C) weighted zverage cost. (Round "Cost per Unit" to 2 decimal places.) 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 inveritory system. The following are the transactions for the month of July Required: Calculate the cost of goods avallable for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LIFO, or (c) weightec average cost. (Round "Cost per Unit" to 2 decimal places.)