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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

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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 July 1 July 5 Beginning Inventory Sold July 13 Purchased July 17 July 25 July 27, Sold Purchased Sold Units Unit Cost 2,500 $30 1,500 6,500 34 3,500 8,500 36 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.) Weighted Average FIFO LIFO Cost Cost of Goods Available for Sale $ 602,000 $ 252,000 $ 350.000 Ending Inventory 252,000 193,000 205,800 Cost of Goods Sold $ 252,000 $ 321,500 $ 308,700

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