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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 July 13 Beginning Inventory Sold Purchased July 17 July 25 Sold Purchased July 27 Sold Units 2,000 1,000 6,000 3,000 8,000 5,000 Unit Cost $ 30 32 34 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.) Weighted Average FIFO LIFO Cost Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold
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