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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

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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. Calculate the cost of goods avallable for sale, ending inventory, and cost of goods sold if Alicard uses (a) FIFO, (b) LFFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.) Required information [The following information applies to the questions displayed below.] In its first month of operations, Literacy for the liliterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 550 units at $8 on January 8 , and (3) 850 units at $9 on January 29. ssuming 1,060 units are on hand at the end of the month, calculate the cost of goods avaliable for sale, ending inventory, and cost of pods sold under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.)

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