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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

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 Units Unit Cost Beginning Inventory 2,500 $ 20 Sold 1,500 July 13 July 17 July 25 July 27 Purchased Sold 6,500 24 3,500 Purchased Sold 26 8,500 5,500 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.) Answer is complete but not entirely correct. FIFO LIFO Weighted Average Cost Cost of Goods Available for Sale $ Ending Inventory 50,000 $ 108,000 221,000 256.200 48,000 170,800 Cost of Goods Sold $ 158,000 $ 269,000 $ 427,000

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